Stella-Jones Inc. (TSE:SJ) to Issue $0.28 Quarterly Dividend

Stella-Jones Inc. (TSE:SJ) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Monday, June 3rd will be given a dividend of 0.28 per share on Friday, June 21st. This represents a $1.12 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Monday, June 3rd.

Stella-Jones Price Performance

Stella-Jones stock traded down C$0.04 on Thursday, reaching C$80.57. The company’s stock had a trading volume of 62,758 shares, compared to its average volume of 143,221. Stella-Jones has a twelve month low of C$57.00 and a twelve month high of C$85.77. The company has a market cap of C$4.57 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 2.40 and a beta of 0.68. The company has a debt-to-equity ratio of 97.46, a quick ratio of 1.20 and a current ratio of 5.07. The business’s fifty day moving average price is C$77.71 and its 200 day moving average price is C$78.30.

Stella-Jones (TSE:SJ) last issued its quarterly earnings data on Thursday, February 29th. The company reported C$0.98 EPS for the quarter, topping analysts’ consensus estimates of C$0.90 by C$0.08. Stella-Jones had a net margin of 9.82% and a return on equity of 20.32%. The firm had revenue of C$688.00 million for the quarter, compared to analyst estimates of C$722.50 million. Equities analysts expect that Stella-Jones will post 5.7169407 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SJ. Desjardins lowered their price objective on Stella-Jones from C$94.00 to C$92.00 and set a “buy” rating for the company in a research report on Friday, March 1st. National Bankshares lifted their price target on shares of Stella-Jones from C$87.00 to C$89.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. CIBC raised their price objective on shares of Stella-Jones from C$85.00 to C$86.00 in a research note on Thursday, April 11th. Scotiabank dropped their target price on shares of Stella-Jones from C$89.00 to C$86.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Finally, Royal Bank of Canada raised their price target on Stella-Jones from C$91.00 to C$94.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$88.71.

Insider Activity at Stella-Jones

In other Stella-Jones news, Director Simon Pelletier purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were bought at an average price of C$73.15 per share, with a total value of C$146,290.00. In related news, Director Simon Pelletier acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of C$73.15 per share, with a total value of C$146,290.00. Also, Senior Officer Richard Cuddihy bought 500 shares of the stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of C$72.45 per share, with a total value of C$36,225.00. Insiders bought a total of 3,800 shares of company stock worth $251,922 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.