Stantec Inc. (STN) to Issue Quarterly Dividend of $0.21 on January 15th

Stantec Inc. (TSE:STN) (NYSE:STN) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.21 per share on Wednesday, January 15th. This represents a $0.84 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, December 31st.

Stantec Trading Down 0.7 %

Shares of STN stock opened at C$113.70 on Friday. The firm has a fifty day moving average of C$116.76 and a 200-day moving average of C$114.27. The stock has a market cap of C$12.97 billion, a price-to-earnings ratio of 37.40, a P/E/G ratio of 1.46 and a beta of 0.82. Stantec has a 52-week low of C$103.48 and a 52-week high of C$123.92. The company has a debt-to-equity ratio of 80.74, a quick ratio of 1.46 and a current ratio of 1.39.

Insider Buying and Selling at Stantec

In other news, Director Vito Culmone acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average cost of C$121.49 per share, for a total transaction of C$485,960.00. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on STN shares. BMO Capital Markets raised their price target on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Scotiabank raised Stantec to a “strong-buy” rating in a research note on Friday, October 25th. CIBC upped their price target on Stantec from C$121.50 to C$134.00 in a research report on Friday, December 13th. Stifel Nicolaus lifted their price objective on Stantec from C$130.00 to C$145.00 in a report on Friday, October 4th. Finally, Canaccord Genuity Group boosted their target price on shares of Stantec from C$125.00 to C$135.00 in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Stantec currently has a consensus rating of “Moderate Buy” and a consensus price target of C$129.50.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.