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

Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Friday, June 28th.

Stantec has raised its dividend by an average of 8.0% annually over the last three years and has raised its dividend every year for the last 12 years. Stantec has a payout ratio of 16.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Stantec to earn $3.58 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 17.0%.

Stantec Price Performance

Shares of NYSE:STN opened at $83.29 on Thursday. Stantec has a 52 week low of $59.55 and a 52 week high of $87.53. The business has a fifty day simple moving average of $81.52 and a 200-day simple moving average of $81.35. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.46. The company has a market cap of $9.50 billion, a P/E ratio of 36.37 and a beta of 1.03.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.63 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $996.81 million. Stantec had a net margin of 5.19% and a return on equity of 16.51%. Equities research analysts forecast that Stantec will post 3.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Atb Cap Markets downgraded Stantec from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 29th.

About Stantec

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.