Stantec Inc. (NYSE:STN – Get Free Report) (TSE:STN) announced a quarterly dividend on Wednesday, August 12th. Stockholders 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) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, September 29th.
Stantec has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. Stantec has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance
STN opened at $74.38 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 23.84 and a beta of 0.99. The company has a fifty day moving average of $70.43 and a 200 day moving average of $82.18. Stantec has a fifty-two week low of $66.26 and a fifty-two week high of $114.51.
Institutional Trading of Stantec
Several hedge funds have recently modified their holdings of the company. Allworth Financial LP lifted its position in Stantec by 223.9% during the fourth quarter. Allworth Financial LP now owns 298 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 206 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Stantec by 264.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 343 shares of the business services provider’s stock worth $32,000 after purchasing an additional 249 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Stantec during the fourth quarter worth $37,000. Addison Advisors LLC purchased a new stake in shares of Stantec during the 2nd quarter valued at $33,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Stantec by 423.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 508 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 411 shares during the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.
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.
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