Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Tuesday, August 7th, Zacks reports. Shareholders of record on Friday, September 28th will be given a dividend of 0.106 per share by the business services provider on Thursday, October 11th. This represents a $0.42 annualized dividend and a yield of 1.67%. The ex-dividend date is Thursday, September 27th.

Stantec has raised its dividend by an average of 4.1% per year over the last three years and has increased its dividend every year for the last 5 years. Stantec has a dividend payout ratio of 40.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stantec to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 32.7%.

STN opened at $25.40 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 18.68 and a beta of 1.60. Stantec has a 1-year low of $24.05 and a 1-year high of $29.25.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, August 8th. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.10). The company had revenue of $703.54 million during the quarter, compared to analyst estimates of $705.24 million. Stantec had a net margin of 2.58% and a return on equity of 10.09%. equities research analysts forecast that Stantec will post 1.35 EPS for the current year.

Several brokerages have recently issued reports on STN. ValuEngine lowered shares of Stantec from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. TheStreet raised shares of Stantec from a “c+” rating to a “b-” rating in a research note on Monday, July 2nd. Zacks Investment Research raised shares of Stantec from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, CIBC lowered shares of Stantec from a “sector outperform” rating to a “neutral” rating in a research note on Thursday, July 5th. Four investment analysts have rated the stock with a hold rating, Stantec has an average rating of “Hold” and a consensus target price of $34.50.

A hedge fund recently bought a new stake in Stantec stock. Bank of New York Mellon Corp acquired a new position in shares of Stantec Inc. (NYSE:STN) (TSE:STN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,706 shares of the business services provider’s stock, valued at approximately $249,000. 58.34% of the stock is owned by institutional investors and hedge funds.

About Stantec

Stantec Inc provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors in Canada, the United States, and internationally. It operates through four segments: Consulting Services ? Canada, Consulting Services ? United States, Consulting Services ? Global, and Construction Services.

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Dividend History for Stantec (NYSE:STN)

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