Stella-Jones Inc. (TSE:SJ) to Issue $0.28 Quarterly Dividend

Stella-Jones Inc. (TSE:SJ) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Monday, December 2nd will be given a dividend of 0.28 per share on Friday, December 20th. This represents a $1.12 annualized dividend and a yield of 1.50%. The ex-dividend date is Monday, December 2nd.

Stella-Jones Stock Down 0.8 %

SJ traded down C$0.58 during trading on Thursday, hitting C$74.79. 7,877 shares of the company’s stock were exchanged, compared to its average volume of 137,042. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08. The business’s 50 day moving average is C$89.81 and its two-hundred day moving average is C$87.81. Stella-Jones has a fifty-two week low of C$71.41 and a fifty-two week high of C$98.00. The stock has a market cap of C$4.21 billion, a P/E ratio of 12.18, a PEG ratio of 2.40 and a beta of 0.64.

Stella-Jones (TSE:SJ) last posted its earnings results on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.96 by C($0.02). Stella-Jones had a return on equity of 20.64% and a net margin of 10.20%. The firm had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$1.07 billion. As a group, equities analysts expect that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SJ shares. TD Securities increased their price target on shares of Stella-Jones from C$98.00 to C$103.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Royal Bank of Canada increased their price target on shares of Stella-Jones from C$94.00 to C$97.00 in a research report on Wednesday, October 9th. National Bankshares increased their price target on shares of Stella-Jones from C$91.00 to C$99.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Finally, CIBC increased their price target on shares of Stella-Jones from C$94.00 to C$97.00 in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$96.00.

Insider Transactions at Stella-Jones

In other news, Director James Augustus Manzi sold 5,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$92.92, for a total value of C$464,583.48. Insiders own 0.14% of the company’s stock.

About Stella-Jones

Stella-Jones Inc produces and sells pressure-treated wood products in Canada and the United States. It operates through two segments, Pressure-Treated Wood; and Logs and Lumber. The company offers railway ties and timbers for short line and commercial railroad operators; and wood utility poles for electrical utilities and telecommunication companies.