Snc-Lavalin Group Inc (SNC) Declares Quarterly Dividend of $0.29
Snc-Lavalin Group Inc (TSE:SNC) announced a quarterly dividend on Thursday, August 2nd, Zacks reports. Stockholders of record on Thursday, August 16th will be given a dividend of 0.287 per share on Thursday, August 30th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Wednesday, August 15th. This is a boost from Snc-Lavalin Group’s previous quarterly dividend of $0.27.
TSE SNC opened at C$53.80 on Friday. Snc-Lavalin Group has a 12 month low of C$50.87 and a 12 month high of C$61.54.
A number of research analysts recently commented on SNC shares. TD Securities raised their price objective on shares of Snc-Lavalin Group from C$73.00 to C$77.00 in a research note on Friday, August 3rd. Desjardins raised their price objective on shares of Snc-Lavalin Group from C$72.00 to C$73.00 in a research note on Friday, August 3rd. Scotiabank reiterated an “outperform” rating and set a C$72.00 price objective on shares of Snc-Lavalin Group in a research note on Thursday, April 26th. Royal Bank of Canada raised their price objective on shares of Snc-Lavalin Group from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research note on Wednesday, May 23rd. Finally, BMO Capital Markets lowered their price objective on shares of Snc-Lavalin Group from C$70.00 to C$69.00 in a research note on Friday, May 4th. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of C$71.61.
Snc-Lavalin Group Company Profile
SNC-Lavalin Group Inc provides consulting, design, engineering, construction, and operation and maintenance services worldwide. It operates through Mining & Metallurgy, Oil & Gas, Power, Infrastructure, Atkins, and Capital segments. The company offers various solutions for projects in the aluminum, gold, copper, iron ore, nickel, fertilizer, sulphur, and other projects.
Further Reading: Diversification
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