Student Transportation Inc. (STB) to Issue Monthly Dividend of $0.04 on September 15th
Student Transportation Inc. (TSE:STB) (NASDAQ:STB) announced a monthly dividend on Tuesday, August 29th, TickerTech reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.0367 per share on Friday, September 15th. This represents a $0.44 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Tuesday, August 29th.
Shares of Student Transportation (TSE STB) opened at 7.41 on Monday. Student Transportation has a 1-year low of $7.04 and a 1-year high of $8.25. The stock has a 50 day moving average of $7.52 and a 200 day moving average of $7.72. The company has a market cap of $700.48 million and a price-to-earnings ratio of 96.23.
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STB has been the subject of a number of research analyst reports. BMO Capital Markets reiterated a “market perform” rating and issued a C$8.25 price target on shares of Student Transportation in a research note on Friday, May 12th. Scotiabank increased their price target on Student Transportation from C$7.75 to C$8.25 and gave the company a “sector perform” rating in a research note on Friday, May 12th. Finally, National Bank Financial cut Student Transportation from an “outperform” rating to a “sector perform” rating in a research note on Thursday, June 1st.
In other news, Director Denis Joseph Gallagher acquired 8,200 shares of Student Transportation stock in a transaction dated Friday, June 30th. The stock was purchased at an average cost of C$6.07 per share, for a total transaction of C$49,774.00. Over the last 90 days, insiders bought 29,950 shares of company stock valued at $181,362.
About Student Transportation
Student Transportation Inc, together with its subsidiaries, provides school bus transportation and management services to public and private schools in North America. It operates through Transportation and Oil and Gas segments. The company offers contracted, managed, special needs transportation, direct-to-parent, and charter services.
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