Student Transportation Inc (STB) Declares Monthly Dividend of $0.04

Student Transportation Inc (NASDAQ:STB) (TSE:STB) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Investors of record on Thursday, May 31st will be given a dividend of 0.0367 per share by the transportation company on Friday, June 15th. This represents a $0.44 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date of this dividend is Wednesday, May 30th.

Student Transportation (NASDAQ:STB) traded up $0.19 during trading hours on Monday, reaching $5.98. 274,043 shares of the company were exchanged, compared to its average volume of 201,579. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.91 and a quick ratio of 1.83. Student Transportation has a 12 month low of $5.42 and a 12 month high of $6.28. The stock has a market capitalization of $549.37, a PE ratio of 23.00 and a beta of 0.62.

Student Transportation (NASDAQ:STB) (TSE:STB) last issued its quarterly earnings results on Thursday, November 9th. The transportation company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to analyst estimates of $106.57 million. During the same quarter in the prior year, the business posted ($0.13) EPS. Student Transportation’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities analysts anticipate that Student Transportation will post 0.11 earnings per share for the current fiscal year.

A number of research analysts have issued reports on STB shares. BidaskClub upgraded shares of Student Transportation from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Zacks Investment Research lowered shares of Student Transportation from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Student Transportation has an average 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. lifted its holdings in Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 20.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing. Institutional investors and hedge funds 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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