Stantec Inc. to Issue Quarterly Dividend of C$0.25 (NYSE:STN)

Stantec Inc. (NYSE:STN) (TSE:STN) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.245 per share by the business services provider on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, June 30th.

Stantec has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Stantec has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Stantec to earn $4.92 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 14.2%.

Stantec Trading Down 6.4%

Shares of STN opened at $78.01 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $8.90 billion, a P/E ratio of 25.83 and a beta of 1.06. The stock’s fifty day simple moving average is $88.82 and its 200 day simple moving average is $94.95. Stantec has a twelve month low of $77.41 and a twelve month high of $114.51.

Stantec (NYSE:STN) (TSE:STN) last issued its earnings results on Wednesday, February 25th. The business services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. Stantec had a return on equity of 17.56% and a net margin of 5.90%.The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.65 billion. Stantec has set its FY 2026 guidance at 4.370-4.490 EPS. On average, equities research analysts forecast that Stantec will post 4.47 earnings per share for the current year.

Analyst Ratings Changes

STN has been the topic of several research reports. Scotiabank reissued an “outperform” rating on shares of Stantec in a research report on Thursday, January 22nd. Wall Street Zen raised Stantec from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised Stantec from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Zacks Research raised Stantec from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada raised their price objective on Stantec from $168.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $175.00.

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.