Stantec Inc. (NYSE:STN) (TSE:STN) announced a quarterly dividend on Wednesday, August 9th, Zacks reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.10 per share by the business services provider on Thursday, October 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, September 28th. This is an increase from Stantec’s previous quarterly dividend of $0.09.

Stantec has raised its dividend payment by an average of 2.1% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Stantec has a payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Stantec to earn $1.86 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 26.9%.

Stantec (STN) remained flat at $28.05 during mid-day trading on Friday. 11,508 shares of the stock traded hands. Stantec has a 1-year low of $21.50 and a 1-year high of $28.55. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 32.85 and a beta of 1.58. The company has a 50-day moving average of $26.94 and a 200 day moving average of $25.43.

Stantec (NYSE:STN) (TSE:STN) last posted its earnings results on Wednesday, August 9th. The business services provider reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. Stantec had a net margin of 2.31% and a return on equity of 10.67%. The company had revenue of $891.49 million for the quarter, compared to analyst estimates of $902.78 million. During the same quarter in the prior year, the business posted $0.37 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. Equities analysts predict that Stantec will post $1.59 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Stantec from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. TheStreet upgraded shares of Stantec from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research upgraded shares of Stantec from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, August 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.20.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.dailypolitical.com/2017/09/23/stantec-inc-stn-to-issue-quarterly-dividend-of-0-10-on-october-12th.html.

About Stantec

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s operates through four segments Consulting Services-Canada, Consulting Services-United States, Consulting Services-Global and Construction Services.

Dividend History for Stantec (NYSE:STN)

Receive News & Ratings for Stantec Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stantec Inc. and related companies with MarketBeat.com's FREE daily email newsletter.