Stantec Announces Quarterly Dividend of $0.17 (STN)
Stantec (NYSE:STN) announced a quarterly dividend on Friday, August 8th, AnalystRatingsNetwork.com reports. Investors of record on Friday, September 26th will be paid a dividend of 0.1696 per share on Thursday, October 16th. This represents a $0.68 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Wednesday, September 24th.
A number of analysts have recently weighed in on STN shares. Analysts at National Bank Financial downgraded shares of Stantec from an “outperform” rating to a “sector perform” rating in a research note on Friday. On a related note, analysts at Zacks upgraded shares of Stantec from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 30th. They now have a $70.80 price target on the stock. Finally, analysts at CIBC upgraded shares of Stantec to a “sector outperform” rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $70.80.
Shares of Stantec (NYSE:STN) traded down 0.39% on Friday, hitting $63.97. 48,749 shares of the company’s stock traded hands. Stantec has a 52 week low of $45.36 and a 52 week high of $68.05. The stock’s 50-day moving average is $62.81 and its 200-day moving average is $60.98. The company has a market cap of $2.987 billion and a P/E ratio of 21.75.
Stantec (NYSE:STN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Analysts expect that Stantec will post $3.98 EPS for the current fiscal year.
Stantec Inc (NYSE:STN) provides professional consulting services in the area of infrastructure and facilities for clients in the public and private sectors.
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