Stantec Inc. (NYSE:STN) Plans Dividend Increase – $0.16 Per Share

Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Thursday, May 15th, Wall Street Journal reports. Investors of record on Monday, June 30th will be given a dividend of 0.1612 per share by the business services provider on Tuesday, July 15th. This represents a $0.64 annualized dividend and a yield of 0.65%. The ex-dividend date is Monday, June 30th. This is a 2.4% increase from Stantec’s previous quarterly dividend of $0.16.

Stantec has increased its dividend payment by an average of 8.4% annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Stantec has a payout ratio of 15.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Stantec to earn $3.45 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 18.8%.

Stantec Trading Up 5.4%

Shares of Stantec stock opened at $99.81 on Friday. Stantec has a 1 year low of $73.18 and a 1 year high of $100.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $11.39 billion, a P/E ratio of 45.37 and a beta of 0.98. The company’s fifty day moving average is $86.15 and its two-hundred day moving average is $82.72.

Stantec (NYSE:STN) (TSE:STN) last posted its quarterly earnings data on Wednesday, May 14th. The business services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. Stantec had a return on equity of 16.57% and a net margin of 4.78%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.54 billion. Analysts forecast that Stantec will post 3.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James upgraded shares of Stantec from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 26th. Scotiabank restated an “outperform” rating on shares of Stantec in a research report on Wednesday, May 7th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

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.