Stantec Inc. (NYSE:STN) Raises Dividend to C$0.23 Per Share

Stantec Inc. (NYSE:STN - Get Free Report) TSE: STN announced a quarterly dividend on Thursday, November 13th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.225 per share by the business services provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, December 31st. This is a 37.6% increase from Stantec's previous quarterly dividend of $0.16.This Freight Stock Just Got an Upgrade and Institutional BuyersStantec has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 13 years. Stantec has a dividend payout ratio of 15.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Stantec to earn $3.45 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 18.8%. Stantec Stock Up 2.4%Shares of NYSE STN traded up $2.47 during mid-day trading on Friday, reaching $107.19. 295,862 shares of the company's stock were exchanged, compared to its average volume of 173,794. Stantec has a twelve month low of $73.18 and a twelve month high of $114.51. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $109.86 and a 200 day simple moving average of $106.92. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 39.17 and a beta of 1.03. Three Mid Caps Wall Street Sees Doubling Within 12 MonthsStantec (NYSE:STN - Get Free Report) TSE: STN last released its earnings results on Thursday, November 13th. The business services provider reported $1.11 earnings per share for the quarter, meeting analysts' consensus estimates of $1.11. Stantec had a return on equity of 19.03% and a net margin of 5.62%.The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.71 billion. Stantec has set its FY 2025 guidance at 3.784-3.880 EPS. As a group, equities analysts expect that Stantec will post 3.05 EPS for the current fiscal year. Analyst Upgrades and DowngradesSeveral brokerages have recently commented on STN. Scotiabank reissued an "outperform" rating on shares of Stantec in a report on Friday, October 17th. CIBC reiterated an "outperform" rating on shares of Stantec in a research note on Monday, October 20th. Wall Street Zen downgraded Stantec from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Stantec in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy".Oil Tankers Boost Dividends, See Continued Robust Business In '23Get Our Latest Stock Report on STNStantec Company Profile (Get Free Report)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.Recommended StoriesFive stocks we like better than StantecDo ETFs Pay Dividends? What You Need to KnowEli Lilly Strikes Deal With Trump: Why Shares Are Up 10% SinceTrading Stocks: RSI and Why it's UsefulHere's What We Learned From AST SpaceMobile's Q3 Earnings ReportBest of the list of Dividend Aristocrats: Build wealth with the aristocrat index3 Stocks Quietly Leveraging AI While Everyone Chases NVIDIAThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Stantec Right Now?Before you consider Stantec, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stantec wasn't on the list.While Stantec currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here