Stantec Inc. (NYSE:STN) Plans Quarterly Dividend of C$0.24

Stantec Inc. (NYSE:STN) (TSE:STN) declared a quarterly dividend on Thursday, November 12th. Investors of record on Thursday, December 31st will be paid a dividend of C$0.24 per share by the business services provider on Friday, January 15th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, December 31st.

Stantec has raised its dividend 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 payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Stantec to earn $4.83 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 14.5%.

Stantec Price Performance

NYSE:STN traded up $11.97 during mid-day trading on Friday, reaching $87.10. The stock had a trading volume of 484,476 shares, compared to its average volume of 379,675. The firm has a 50 day moving average price of $70.82 and a two-hundred day moving average price of $78.65. The stock has a market capitalization of $9.58 billion, a P/E ratio of 27.17 and a beta of 0.94. Stantec has a one year low of $65.35 and a one year high of $108.40. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.50 and a current ratio of 1.50.

Stantec (NYSE:STN) (TSE:STN) last issued its quarterly earnings results on Thursday, November 12th. The business services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Stantec had a net margin of 5.91% and a return on equity of 19.70%. Stantec has set its FY 2026 guidance at 4.430-4.510 EPS. As a group, analysts expect that Stantec will post 4.42 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on STN. Scotiabank restated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Stantec in a report on Friday, August 14th. Wall Street Zen cut shares of Stantec from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Finally, Weiss Ratings raised shares of Stantec from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Stantec currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.00.

About Stantec

Stantec is a global professional services firm that provides engineering, architecture, environmental consulting, and related services. Its work supports the planning, design, and delivery of projects in areas including water, transportation, buildings, energy, and community development. Founded in Edmonton, Alberta, in 1954 as D.R. Stanley Associates, the company later adopted the Stantec name. It is headquartered in Edmonton and serves public- and private-sector clients across North America and in international markets.