Stantec Inc. (TSE:STN) Shares Set to Pay Quarterly Dividend of $0.24

Stantec Inc. (TSE:STN) (NYSE:STN) announced a quarterly dividend on Tuesday, September 29th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.2450 per share on Thursday, October 15th. This represents a $0.98 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 29th.

Stantec Price Performance

STN traded up C$0.89 during trading on Friday, reaching C$97.72. 409,122 shares of the company traded hands, compared to its average volume of 463,750. The company has a market cap of C$10.98 billion, a P/E ratio of 22.06, a PEG ratio of 1.46 and a beta of 0.73. The company has a debt-to-equity ratio of 80.98, a quick ratio of 1.46 and a current ratio of 1.50. Stantec has a 12-month low of C$93.28 and a 12-month high of C$160.05. The firm has a fifty day simple moving average of C$100.21 and a 200 day simple moving average of C$107.24.

Stantec (TSE:STN) (NYSE:STN) last released its earnings results on Wednesday, August 12th. The company reported C$1.61 EPS for the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%. The firm had revenue of C$2.23 billion for the quarter.

Wall Street Analysts Forecast Growth

STN has been the topic of several research analyst reports. Royal Bank Of Canada decreased their price target on shares of Stantec from C$148.00 to C$146.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. Scotiabank cut their price objective on Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating for the company in a research report on Friday, July 10th. ATB Cormark Capital Markets lifted their target price on Stantec from C$130.00 to C$133.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Canadian Imperial Bank of Commerce decreased their target price on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a research report on Wednesday, July 8th. Finally, National Bank Financial dropped their price target on Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Stantec currently has a consensus rating of “Buy” and an average price target of C$143.00.

Stantec Company Profile

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.