Stantec Inc. (STN) Announces Quarterly Dividend of $0.13
Stantec Inc. (TSE:STN) (NYSE:STN) announced a quarterly dividend on Wednesday, November 8th, Zacks reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.125 per share on Thursday, January 11th. This represents a $0.50 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, December 28th.
Stantec (TSE:STN) traded down C$0.04 during trading hours on Friday, hitting C$35.10. The stock had a trading volume of 36,300 shares, compared to its average volume of 203,429. Stantec has a fifty-two week low of C$30.24 and a fifty-two week high of C$37.13. The company has a market capitalization of $4,000.00, a P/E ratio of 34.75 and a beta of 1.22.
In other news, Director Carl Frank Clayton sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of C$35.10, for a total transaction of C$351,000.00.
Several analysts recently weighed in on STN shares. Canaccord Genuity lifted their price objective on Stantec from C$34.00 to C$36.00 in a report on Tuesday, October 31st. CIBC lifted their price objective on Stantec from C$37.00 to C$38.00 in a report on Monday, November 13th. Desjardins lifted their price objective on Stantec from C$39.00 to C$43.00 in a report on Monday, November 13th. Royal Bank of Canada restated a “sector perform” rating and issued a C$40.00 price objective on shares of Stantec in a report on Monday, October 23rd. Finally, Scotiabank restated an “outperform” rating and issued a C$40.00 price objective on shares of Stantec in a report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$39.38.
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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.
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