Stantec Inc. (TSE:STN) Announces Dividend Increase – $0.23 Per Share

Stantec Inc. (TSE:STN) (NYSE:STN) declared a quarterly dividend on Friday, March 28th, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.225 per share on Tuesday, April 15th. This represents a $0.90 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. This is a 7.1% increase from Stantec’s previous quarterly dividend of $0.21.

Stantec Trading Up 0.3 %

Stantec stock opened at C$119.77 on Wednesday. Stantec has a 1 year low of C$103.48 and a 1 year high of C$129.39. The firm’s 50 day moving average price is C$114.84 and its 200-day moving average price is C$114.05. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46. The stock has a market cap of C$13.65 billion, a P/E ratio of 39.97, a PEG ratio of 1.46 and a beta of 0.82.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Stantec from C$135.00 to C$138.00 in a research note on Friday, December 6th. Royal Bank of Canada boosted their target price on Stantec from C$128.00 to C$138.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Desjardins increased their price target on Stantec from C$138.00 to C$148.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Raymond James raised Stantec from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$130.00 to C$140.00 in a report on Wednesday, February 26th. Finally, Stifel Nicolaus increased their target price on Stantec from C$135.00 to C$144.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$140.33.

Insider Buying and Selling

In other Stantec news, Director Vito Culmone purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of C$112.03 per share, with a total value of C$336,099.00. 0.27% of the stock is owned by corporate insiders.

About Stantec

Stantec Inc is a sustainable engineering, architecture, and environmental consulting company. The company is geographically diversified in three regional operating units namely Canada, the United States and Global, offering similar services across all regions. The company offers services in various sectors across the project life cycle through five business operating units infrastructure, water, buildings, environmental services, and energy and resources.