Stantec Inc. (STN) to Distribute Quarterly Dividend of $0.24 on October 15th

Stantec Inc. (TSE:STN) (NYSE:STN) announced a quarterly dividend on Tuesday, September 29th. Investors of record on Thursday, October 15th will be paid a dividend of $0.2450 per share on Thursday, October 15th. This represents a $0.98 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 29th.

Stantec Stock Performance

STN traded up C$0.89 on Friday, reaching C$97.72. The stock had a trading volume of 409,122 shares, compared to its average volume of 463,750. Stantec has a 12-month low of C$93.28 and a 12-month high of C$160.05. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 80.98. The business’s 50-day moving average price is C$100.21 and its two-hundred day moving average price is C$107.24. The company has a market cap of C$10.98 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73.

Stantec (TSE:STN) (NYSE:STN) last posted its earnings results on Wednesday, August 12th. The company reported C$1.61 earnings per share (EPS) for the quarter. Stantec had a net margin of 6.23% and a return on equity of 15.26%. The business had revenue of C$2.23 billion for the quarter.

Wall Street Analysts Forecast Growth

STN has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce lowered their price target on Stantec from C$160.00 to C$137.00 and set an “outperformer” rating on the stock in a research report on Wednesday, July 8th. National Bank Financial cut their price target on shares of Stantec from C$143.00 to C$120.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Scotia decreased their price objective on shares of Stantec from C$133.00 to C$129.00 and set a “sector outperform” rating on the stock in a report on Friday, August 14th. Scotiabank decreased their price objective on shares of Stantec from C$138.00 to C$133.00 and set a “sector outperform” rating on the stock in a report on Friday, July 10th. Finally, Desjardins set a C$169.00 target price on shares of Stantec and gave the company a “buy” rating in a research report on Friday, August 14th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$143.00.

About Stantec

Stantec empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. We are a global leader in sustainable engineering, architecture, and environmental consulting. Our professionals deliver the expertise, technology, and innovation communities need to manage aging infrastructure, demographic and population changes, the energy transition, and more. Today’s communities transcend geographic borders.