Stantec Inc. (STN) To Go Ex-Dividend on December 31st

Stantec Inc. (NYSE:STN) (TSE:STN) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.155 per share by the business services provider on Wednesday, January 15th. This represents a $0.62 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Stantec’s previous quarterly dividend of $0.15.

Stantec has raised its dividend by an average of 8.0% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Stantec has a dividend payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Stantec to earn $3.49 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 16.6%.

Stantec Price Performance

Shares of NYSE STN opened at $78.88 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average price is $83.13 and its 200 day moving average price is $82.86. Stantec has a 52 week low of $76.03 and a 52 week high of $88.42. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 35.85 and a beta of 0.99.

Analyst Ratings Changes

STN has been the subject of a number of recent research reports. Canaccord Genuity Group raised shares of Stantec from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Scotiabank initiated coverage on Stantec in a research report on Friday, October 25th. They set a “sector outperform” rating for the company. Canaccord Genuity Group upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com upgraded Stantec from a “hold” rating to a “buy” rating in a research report on Saturday, November 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Stantec currently has a consensus rating of “Moderate Buy”.

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.