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

Stantec Inc. (TSE:STN - Get Free Report) NYSE: STN announced a quarterly dividend on Monday, June 30th, TickerTech Dividends reports. Stockholders of record on Tuesday, July 15th will be paid a dividend of 0.225 per share on Tuesday, July 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, June 30th.

Stantec Stock Performance

Shares of TSE STN traded up C$2.55 during midday trading on Friday, reaching C$150.21. 500,504 shares of the stock were exchanged, compared to its average volume of 276,091. The firm has a market cap of C$17.12 billion, a price-to-earnings ratio of 50.13, a PEG ratio of 1.46 and a beta of 0.82. Stantec has a twelve month low of C$103.48 and a twelve month high of C$150.28. The firm has a 50-day simple moving average of C$136.59 and a two-hundred day simple moving average of C$122.64. 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

A number of research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Stantec from C$143.00 to C$156.00 and gave the company a "buy" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group lifted their target price on shares of Stantec from C$138.00 to C$150.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Scotiabank lifted their target price on shares of Stantec from C$144.00 to C$146.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada lifted their target price 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. Finally, TD Securities lifted their target price on shares of Stantec from C$145.00 to C$165.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Stantec currently has a consensus rating of "Buy" and a consensus target price of C$148.42.

Insider Transactions at Stantec

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.