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

Stella-Jones Inc. (TSE:SJ) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.28 per share on Friday, December 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Monday, December 2nd.

Stella-Jones Price Performance

Shares of SJ opened at C$75.37 on Thursday. Stella-Jones has a fifty-two week low of C$71.41 and a fifty-two week high of C$98.00. The firm’s 50-day simple moving average is C$89.81 and its two-hundred day simple moving average is C$87.81. The stock has a market cap of C$4.25 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The company has a debt-to-equity ratio of 93.08, a quick ratio of 1.20 and a current ratio of 6.57.

Stella-Jones (TSE:SJ) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$1.94 earnings per share 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 company had revenue of C$1.05 billion during the quarter, compared to analysts’ expectations of C$1.07 billion. Analysts anticipate that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SJ has been the topic of a number of recent research reports. National Bankshares increased their target price on Stella-Jones from C$91.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. CIBC upped their price target on shares of Stella-Jones from C$94.00 to C$97.00 in a research note on Thursday, August 8th. TD Securities raised their price objective on shares of Stella-Jones from C$98.00 to C$103.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada lifted their target price on shares of Stella-Jones from C$94.00 to C$97.00 in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Stella-Jones presently has an average rating of “Moderate Buy” and a consensus price target of C$96.00.

Insider Activity at Stella-Jones

In other news, Director James Augustus Manzi sold 5,000 shares of Stella-Jones stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$92.92, for a total value of C$464,583.48. 0.14% of the stock is currently owned by insiders.

Stella-Jones Company Profile

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.