Stella-Jones Inc. (SJ) to Issue Quarterly Dividend of C$0.10 on December 21st
Stella-Jones Inc. (TSE:SJ) announced a quarterly dividend on Wednesday, November 30th. Investors of record on Wednesday, December 21st will be paid a dividend of 0.10 per share on Wednesday, December 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, November 30th.
Shares of Stella-Jones (TSE:SJ) opened at 46.13 on Tuesday. The company has a 50 day moving average of $45.43 and a 200-day moving average of $46.25. Stella-Jones has a one year low of $39.00 and a one year high of $54.00. The firm has a market cap of $3.20 billion and a price-to-earnings ratio of 18.98.
A number of research firms have issued reports on SJ. Royal Bank Of Canada began coverage on shares of Stella-Jones in a report on Wednesday, October 12th. They issued an “outperform” rating and a C$56.00 price objective for the company. GMP Securities reissued a “buy” rating on shares of Stella-Jones in a report on Wednesday, September 28th. Scotiabank reissued a “sector perform” rating and issued a C$53.00 price objective on shares of Stella-Jones in a report on Wednesday, November 9th. Desjardins raised shares of Stella-Jones from a “hold” rating to a “buy” rating in a report on Monday, September 19th. Finally, TD Securities downgraded shares of Stella-Jones from a “buy” rating to a “hold” rating and cut their price objective for the company from C$56.00 to C$50.00 in a report on Wednesday, November 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$52.25.
Stella-Jones Company Profile
Stella-Jones Inc is a Canada-based producer and marketer of pressure treated wood products. The Company supplies North America’s railroad operators with railway ties and timbers, and electrical utilities and telecommunication companies with utility poles. It also provides residential lumber and customized services to retailers and wholesalers for outdoor applications, as well as industrial products, which include marine and foundation pilings, construction timbers, wood for bridges and coal-tar based products.
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