Stantec Inc. (STN) To Go Ex-Dividend on March 28th

Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Shareholders of record on Friday, March 28th will be paid a dividend of 0.1574 per share by the business services provider on Tuesday, April 15th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, March 28th. This is a 1.5% increase from Stantec’s previous quarterly dividend of $0.16.

Stantec has raised its dividend payment by an average of 8.4% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Stantec has a payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Stantec to earn $3.45 per share next year, which means the company should continue to be able to cover its $0.63 annual dividend with an expected future payout ratio of 18.3%.

Stantec Stock Performance

NYSE:STN opened at $83.86 on Wednesday. Stantec has a fifty-two week low of $73.18 and a fifty-two week high of $90.24. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. The company has a 50 day moving average price of $80.04 and a 200 day moving average price of $81.12. The stock has a market capitalization of $9.57 billion, a P/E ratio of 38.12 and a beta of 1.04.

Wall Street Analyst Weigh In

Separately, Raymond James raised Stantec from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Stantec currently 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.