Stantec Inc. (TSE:STN) Plans Dividend Increase – $0.23 Per Share

Stantec Inc. (TSE:STN) (NYSE:STN) announced a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.225 per share on Tuesday, April 15th. This represents a $0.90 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, March 28th. This is a 7.1% increase from Stantec’s previous quarterly dividend of $0.21.

Stantec Stock Performance

STN stock traded up C$0.32 during trading on Wednesday, reaching C$120.09. 12,885 shares of the company’s stock were exchanged, compared to its average volume of 263,039. Stantec has a 1-year low of C$103.48 and a 1-year high of C$129.39. The firm has a market cap of C$13.69 billion, a PE ratio of 40.08, a P/E/G ratio of 1.46 and a beta of 0.82. The company’s fifty day moving average price is C$114.84 and its 200-day moving average price is C$114.05. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Desjardins increased their target price on shares of Stantec from C$138.00 to C$148.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. CIBC increased their price objective on shares of Stantec from C$134.00 to C$139.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Royal Bank of Canada boosted their target price on Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Raymond James upgraded Stantec from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$130.00 to C$140.00 in a research report on Wednesday, February 26th. Finally, ATB Capital lifted their price target on Stantec from C$125.00 to C$135.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$140.33.

Insider Transactions at Stantec

In other news, Director Vito Culmone acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is owned by insiders.

Stantec Company Profile

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.