Stantec Inc. (NYSE:STN) Declares Quarterly Dividend of $0.15

Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 0.152 per share by the business services provider on Monday, July 15th. This represents a $0.61 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, June 28th.

Stantec has increased its dividend by an average of 8.0% annually over the last three years and has increased its dividend every year for the last 12 years. Stantec has a dividend payout ratio of 16.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Stantec to earn $3.64 per share next year, which means the company should continue to be able to cover its $0.61 annual dividend with an expected future payout ratio of 16.8%.

Stantec Stock Down 0.9 %

NYSE:STN traded down $0.75 during trading hours on Friday, hitting $81.45. The stock had a trading volume of 27,957 shares, compared to its average volume of 111,604. The company has a market cap of $9.29 billion, a PE ratio of 37.36 and a beta of 1.05. The business has a 50 day simple moving average of $82.62 and a two-hundred day simple moving average of $78.12. Stantec has a 1-year low of $56.49 and a 1-year high of $87.53. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.36.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Stantec had a net margin of 5.11% and a return on equity of 16.50%. The firm had revenue of $912.51 million for the quarter, compared to analyst estimates of $891.12 million. Analysts predict that Stantec will post 3.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Atb Cap Markets lowered shares of Stantec from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Stantec has an average rating of “Moderate Buy” and a consensus price target of $105.00.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.