Student Transportation Inc to Issue Monthly Dividend of $0.04 (STB)

Student Transportation Inc (NASDAQ:STB) (TSE:STB) declared a monthly dividend on Monday, February 12th, Wall Street Journal reports. Investors of record on Friday, June 29th will be given a dividend of 0.0367 per share by the transportation company on Monday, July 16th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.36%. The ex-dividend date is Thursday, June 28th.

Student Transportation (NASDAQ STB) traded up $0.19 on Monday, hitting $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 quick ratio of 1.83 and a current ratio of 1.91. Student Transportation has a 52 week low of $5.42 and a 52 week high of $6.28. The stock has a market cap of $549.37, a PE ratio of 23.00 and a beta of 0.62.

Student Transportation (NASDAQ:STB) (TSE:STB) last released its earnings results on Thursday, November 9th. The transportation company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. Student Transportation had a net margin of 4.08% and a return on equity of 10.57%. The company had revenue of $107.43 million for the quarter, compared to analysts’ expectations of $106.57 million. During the same quarter in the previous year, the company earned ($0.13) EPS. Student Transportation’s revenue for the quarter was up 5.1% on a year-over-year basis. equities research analysts anticipate that Student Transportation will post 0.11 EPS for the current year.

STB has been the topic of several research analyst reports. BidaskClub upgraded shares of Student Transportation from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. Zacks Investment Research upgraded shares of Student Transportation from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.12.

A hedge fund recently raised its stake in Student Transportation stock. Vanguard Group Inc. boosted its stake in Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 20.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,885 shares of the transportation company’s stock after purchasing 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. 25.14% of the stock is currently owned by hedge funds and other institutional investors.

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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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