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Stantec Inc. Announces Quarterly Dividend of $0.23 (TSE:STN)

Stantec logo with Industrials background

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN declared a quarterly dividend on Monday, June 30th, TickerTech Dividends reports. Shareholders of record on Tuesday, July 15th will be given a dividend of 0.225 per share on Tuesday, July 15th. This represents a $0.90 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Monday, June 30th.

Stantec Stock Down 1.4%

Shares of TSE STN traded down C$2.04 during mid-day trading on Tuesday, hitting C$148.17. The company had a trading volume of 386,376 shares, compared to its average volume of 276,973. The company has a market capitalization of C$16.89 billion, a PE ratio of 49.45, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The business's 50-day simple moving average is C$137.76 and its 200 day simple moving average is C$123.12. Stantec has a 1-year low of C$103.48 and a 1-year high of C$150.94. The company has a debt-to-equity ratio of 85.29, a current ratio of 1.42 and a quick ratio of 1.46.

Analyst Upgrades and Downgrades

STN has been the subject of several recent research reports. TD Securities lifted their price objective on Stantec from C$145.00 to C$165.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada lifted their price target on shares of Stantec from C$138.00 to C$150.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Scotiabank boosted their price target on shares of Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Desjardins increased their price objective on shares of Stantec from C$148.00 to C$153.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, CIBC raised their price objective on shares of Stantec from C$141.00 to C$156.00 in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Stantec presently has a consensus rating of "Buy" and a consensus price target of C$148.42.

Get Our Latest Analysis on STN

Insider Activity

In other news, Director Clayton Bock bought 1,250 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of C$139.51 per share, for a total transaction of C$174,392.88. Also, Director Susan Reisbord purchased 2,785 shares of Stantec stock in a transaction that occurred on Thursday, June 26th. The stock was acquired at an average cost of C$147.74 per share, with a total value of C$411,458.13. Corporate insiders own 0.27% of the company's stock.

About Stantec

(Get Free Report)

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.

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Dividend History for Stantec (TSE:STN)

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