Stantec Inc. (TSE:STN) Increases Dividend to $0.23 Per Share

Stantec Inc. (TSE:STN) (NYSE:STN) announced 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 Price Performance

Shares of TSE:STN opened at C$119.77 on Wednesday. The business has a fifty day simple moving average of C$114.84 and a 200-day simple moving average of C$114.05. Stantec has a 52 week low of C$103.48 and a 52 week high of C$129.39. The company has a market cap of C$13.65 billion, a P/E ratio of 39.97, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a quick ratio of 1.46, a current ratio of 1.42 and a debt-to-equity ratio of 85.29.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on STN. Scotiabank boosted their price objective on shares of Stantec from C$129.00 to C$141.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. TD Securities raised their price objective on Stantec from C$139.00 to C$145.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. National Bankshares boosted their target price on Stantec from C$140.00 to C$143.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Royal Bank of Canada lifted their price target on shares of Stantec from C$128.00 to C$138.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Finally, Raymond James raised shares of Stantec from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$130.00 to C$140.00 in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Stantec currently has a consensus rating of “Buy” and an average target price of C$140.33.

Insider Activity at Stantec

In other news, Director Vito Culmone acquired 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of C$112.03 per share, for a total transaction of C$336,099.00. Insiders own 0.27% of the company’s stock.

Stantec Company Profile

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.