Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Wednesday, February 21st, Zacks reports. Investors of record on Thursday, March 29th will be paid a dividend of 0.108 per share by the business services provider on Thursday, April 12th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Stantec’s previous quarterly dividend of $0.10.

Stantec has raised its dividend payment by an average of 4.1% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Stantec has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Stantec to earn $1.84 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 27.2%.

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Shares of Stantec (NYSE STN) traded down $0.30 during trading hours on Friday, hitting $24.75. The company had a trading volume of 170,011 shares, compared to its average volume of 35,971. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.29. The firm has a market cap of $2,928.52, a P/E ratio of 18.86 and a beta of 1.65. Stantec has a 1 year low of $22.25 and a 1 year high of $29.25.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings data on Thursday, February 22nd. The business services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). The business had revenue of $805.00 million for the quarter, compared to analyst estimates of $854.21 million. Stantec had a return on equity of 10.72% and a net margin of 1.88%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. sell-side analysts expect that Stantec will post 1.56 EPS for the current year.

A number of brokerages recently issued reports on STN. National Bank Financial downgraded Stantec from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Thursday, February 22nd. TheStreet downgraded Stantec from a “b” rating to a “c+” rating in a research report on Monday, February 26th. Finally, Zacks Investment Research downgraded Stantec from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $35.00.

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Stantec Company Profile

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

Dividend History for Stantec (NYSE:STN)

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