Student Transportation Inc (STB) Announces $0.04 Monthly Dividend

Student Transportation Inc (NASDAQ:STB) (TSE:STB) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Shareholders of record on Monday, April 30th will be paid a dividend of 0.0367 per share by the transportation company on Tuesday, May 15th. This represents a $0.44 annualized dividend and a yield of 7.36%. The ex-dividend date of this dividend is Friday, April 27th.

Shares of Student Transportation (NASDAQ STB) traded up $0.19 on Monday, reaching $5.98. 274,043 shares of the company’s stock traded hands, compared to its average volume of 201,579. The company has a quick ratio of 1.83, a current ratio of 1.91 and a debt-to-equity ratio of 3.46. Student Transportation has a twelve month low of $5.42 and a twelve month high of $6.28. The stock has a market capitalization of $549.37, a price-to-earnings ratio of 23.00 and a beta of 0.62.

Student Transportation (NASDAQ:STB) (TSE:STB) last issued its quarterly earnings data on Thursday, November 9th. The transportation company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.04. Student Transportation had a net margin of 4.08% and a return on equity of 10.57%. The business had revenue of $107.43 million during the quarter, compared to analyst estimates of $106.57 million. During the same period last year, the business posted ($0.13) earnings per share. Student Transportation’s quarterly revenue was up 5.1% compared to the same quarter last year. analysts anticipate that Student Transportation will post 0.11 earnings per share for the current fiscal year.

Several analysts have commented on the stock. BidaskClub lowered shares of Student Transportation from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of Student Transportation from a “hold” rating to a “strong-buy” rating and set a $7.25 price objective for the company in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $7.12.

A hedge fund recently raised its stake in Student Transportation stock. Vanguard Group Inc. raised its holdings in shares of Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 20.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,885 shares of the transportation company’s stock after purchasing an additional 4,669 shares during the period. Vanguard Group Inc.’s holdings in Student Transportation were worth $186,000 as of its most recent SEC filing. Institutional investors own 25.14% of the company’s stock.

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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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