Stella-Jones Inc (SJ) to Issue Quarterly Dividend of $0.11 on December 21st
Stella-Jones Inc (TSE:SJ) announced a quarterly dividend on Friday, November 3rd, Zacks reports. Stockholders of record on Monday, December 4th will be given a dividend of 0.11 per share on Thursday, December 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, December 1st.
Shares of Stella-Jones (TSE:SJ) opened at C$50.56 on Friday. Stella-Jones has a 1 year low of C$37.17 and a 1 year high of C$51.27.
SJ has been the subject of a number of analyst reports. National Bank Financial lifted their price target on shares of Stella-Jones from C$42.00 to C$48.00 in a research report on Thursday, August 10th. Acumen Capital lifted their price target on shares of Stella-Jones from C$50.50 to C$55.00 and gave the company a “buy” rating in a research report on Wednesday. TD Securities lifted their price target on shares of Stella-Jones from C$48.00 to C$49.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$56.00 price target on shares of Stella-Jones in a research report on Tuesday, October 17th. Finally, Scotiabank lifted their price target on shares of Stella-Jones from C$45.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Monday, November 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of C$49.25.
In other Stella-Jones news, Director Glen Ritchie sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$48.70, for a total transaction of C$48,700.00.
Stella-Jones Inc is a Canada-based company, which is a producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and the continent’s electrical utilities and telecommunication companies with utility poles. It manufactures and distributes residential lumber and accessories to retailers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal tar-based products.
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