Student Transportation Inc (NASDAQ:STB) (TSE:STB) declared a monthly dividend on Thursday, September 14th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.0367 per share by the transportation company on Monday, January 15th. This represents a $0.44 annualized dividend and a dividend yield of 7.53%. The ex-dividend date of this dividend is Thursday, December 28th.

Shares of Student Transportation (NASDAQ:STB) traded down 2.67% during trading on Thursday, hitting $5.84. 560,376 shares of the stock traded hands. The firm’s 50-day moving average price is $5.92 and its 200-day moving average price is $5.89. Student Transportation has a 12 month low of $5.37 and a 12 month high of $6.21. The stock has a market cap of $552.07 million, a PE ratio of 75.84 and a beta of 0.75.

A hedge fund recently raised its stake in Student Transportation stock. Vanguard Group Inc. lifted its position in Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 20.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,885 shares of the transportation company’s stock after acquiring an additional 4,669 shares during the quarter. Vanguard Group Inc.’s holdings in Student Transportation were worth $186,000 at the end of the most recent reporting period. Institutional investors own 25.70% of the company’s stock.

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STB has been the subject of several analyst reports. BidaskClub upgraded shares of Student Transportation from a “hold” rating to a “buy” rating in a report on Friday, September 8th. National Bank Financial lowered shares of Student Transportation from an “outperform” rating to a “sector perform” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Student Transportation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $6.92.

Student Transportation announced that its board has initiated a stock buyback program on Friday, May 19th that permits the company to repurchase 9,230,000 shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

About Student Transportation

Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.

Dividend History for Student Transportation (NASDAQ:STB)

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