Stantec Inc. to Issue Quarterly Dividend of $0.15 (NYSE:STN)

Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Investors of record on Friday, September 27th will be given a dividend of 0.152 per share by the business services provider on Tuesday, October 15th. This represents a $0.61 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, September 27th.

Stantec has increased its dividend payment by an average of 8.0% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. Stantec has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Stantec to earn $3.58 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 17.3%.

Stantec Trading Down 1.4 %

Stantec stock traded down $1.11 during trading hours on Friday, reaching $80.43. The stock had a trading volume of 19,203 shares, compared to its average volume of 109,803. The stock has a market cap of $9.17 billion, a PE ratio of 35.61 and a beta of 1.04. The company has a fifty day simple moving average of $83.93 and a 200-day simple moving average of $82.74. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.34 and a quick ratio of 1.34. Stantec has a 52 week low of $59.55 and a 52 week high of $88.42.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, May 8th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. Stantec had a return on equity of 16.51% and a net margin of 5.19%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $996.81 million. Analysts forecast that Stantec will post 3.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut Stantec from a “moderate buy” rating to a “hold” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $105.00.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.