Stantec Inc. (NYSE:STN) to Issue Quarterly Dividend of C$0.23

Stantec Inc. (NYSE:STN) (TSE:STN) declared a quarterly dividend on Thursday, November 13th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.225 per share by the business services provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a 37.6% increase from Stantec’s previous quarterly dividend of $0.16.

Stantec has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Stantec has a dividend payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Stantec to earn $3.45 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 18.8%.

Stantec Stock Up 2.0%

Shares of STN stock traded up $2.10 during trading on Friday, reaching $106.82. The company’s stock had a trading volume of 329,578 shares, compared to its average volume of 173,972. The stock’s 50-day moving average price is $109.86 and its 200 day moving average price is $106.92. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 39.00 and a beta of 1.03. Stantec has a 1-year low of $73.18 and a 1-year high of $114.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.44 and a quick ratio of 1.44.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings results on Thursday, November 13th. The business services provider reported $1.11 EPS for the quarter, hitting the consensus estimate of $1.11. Stantec had a net margin of 5.62% and a return on equity of 19.03%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. On average, research analysts anticipate that Stantec will post 3.05 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Stantec from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Scotiabank restated an “outperform” rating on shares of Stantec in a research note on Friday, October 17th. CIBC reissued an “outperform” rating on shares of Stantec in a research note on Monday, October 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Stantec in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “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.