Stantec Inc. (NYSE:STN) to Issue Quarterly Dividend of C$0.24

Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Wednesday, August 12th. Investors of record on Tuesday, September 29th will be given a dividend of 0.245 per share by the business services provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 29th.

Stantec has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Stantec has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Stantec to earn $4.80 per share next year, which means the company should continue to be able to cover its $0.69 annual dividend with an expected future payout ratio of 14.4%.

Stantec Price Performance

Stantec stock opened at $74.38 on Thursday. The business’s 50 day simple moving average is $70.43 and its 200 day simple moving average is $82.18. Stantec has a 12 month low of $66.26 and a 12 month high of $114.51. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 23.84 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.47.

Stantec (NYSE:STN) (TSE:STN) last released its earnings results on Wednesday, August 12th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.01. Stantec had a return on equity of 19.37% and a net margin of 5.92%.The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. Sell-side analysts forecast that Stantec will post 4.43 EPS for the current year.

Institutional Investors Weigh In On Stantec

Several institutional investors have recently added to or reduced their stakes in STN. Connor Clark & Lunn Investment Management Ltd. bought a new position in Stantec during the 2nd quarter valued at approximately $9,869,000. Bank of Nova Scotia bought a new stake in shares of Stantec during the second quarter valued at approximately $9,133,000. Northwestern Mutual Wealth Management Co. purchased a new position in Stantec during the second quarter valued at $62,000. Quantbot Technologies LP bought a new stake in Stantec during the second quarter worth about $2,700,000. Finally, Korea Investment CORP bought a new stake in shares of Stantec in the 2nd quarter worth approximately $7,273,000. Hedge funds and other institutional investors own 63.86% of the company’s stock.

Stantec Company Profile

Stantec is a global design and consulting firm offering professional services in engineering, architecture, and environmental sciences. The company partners with public and private clients to deliver solutions spanning infrastructure, water, energy and resources, and community development. Through an integrated approach, Stantec manages projects from initial planning and conceptual design through construction and commissioning, focusing on sustainability and innovation.

The firm’s service portfolio includes civil infrastructure design, building systems engineering, environmental assessments, and project management.