Stella-Jones Inc. (TSE:SJ) Plans Quarterly Dividend of $0.28

Stella-Jones Inc. (TSE:SJ) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Shareholders of record on Monday, December 2nd will be paid a dividend of 0.28 per share on Friday, December 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Monday, December 2nd.

Stella-Jones Trading Down 0.1 %

Stella-Jones stock opened at C$71.54 on Friday. The stock has a 50-day moving average price of C$82.87 and a 200 day moving average price of C$86.85. The company has a market capitalization of C$4.03 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. Stella-Jones has a 52 week low of C$67.13 and a 52 week high of C$98.00. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08.

Wall Street Analysts Forecast Growth

SJ has been the topic of several analyst reports. Scotiabank dropped their target price on Stella-Jones from C$95.00 to C$85.00 in a report on Thursday, November 7th. Royal Bank of Canada dropped their price objective on shares of Stella-Jones from C$97.00 to C$81.00 in a research note on Thursday, November 7th. TD Securities cut their target price on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, CIBC dropped their price target on shares of Stella-Jones from C$99.00 to C$83.00 in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$88.00.

Insider Activity

In other news, Senior Officer Richard Cuddihy purchased 500 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average cost of C$70.85 per share, for a total transaction of C$35,424.00. Also, Director Rhodri Harries acquired 5,000 shares of Stella-Jones stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of C$69.50 per share, with a total value of C$347,500.00. Insiders have acquired 10,750 shares of company stock worth $753,042 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.