Stantec Inc. (NYSE:STN – Get Free Report) (TSE:STN) announced a quarterly dividend on Wednesday, February 25th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.245 per share by the business services provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, March 31st. This is a 8.9% increase from Stantec’s previous quarterly dividend of $0.23.
Stantec has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 13 years. Stantec has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Stantec to earn $3.45 per share next year, which means the company should continue to be able to cover its $0.71 annual dividend with an expected future payout ratio of 20.6%.
Stantec Price Performance
Stantec stock opened at $85.35 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $93.41 and a 200-day simple moving average of $99.77. The stock has a market cap of $9.74 billion, a P/E ratio of 28.26 and a beta of 1.12. Stantec has a 12-month low of $77.07 and a 12-month high of $114.51.
Stantec Company Profile
Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.
The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.
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