Stella-Jones Inc. (TSE:SJ) to Issue Quarterly Dividend of $0.31

Stella-Jones Inc. (TSE:SJ) declared a quarterly dividend on Thursday, February 27th, RTT News reports. Investors of record on Tuesday, April 1st will be paid a dividend of 0.31 per share on Friday, April 18th. This represents a $1.24 dividend on an annualized basis and a yield of 1.79%. This is a positive change from Stella-Jones’s previous quarterly dividend of $0.28.

Stella-Jones Trading Down 4.4 %

Shares of Stella-Jones stock opened at C$69.18 on Friday. The firm has a market capitalization of C$3.87 billion, a PE ratio of 12.08, a P/E/G ratio of 2.40 and a beta of 0.64. Stella-Jones has a twelve month low of C$65.13 and a twelve month high of C$98.00. The firm’s 50-day moving average price is C$70.41 and its 200 day moving average price is C$79.11. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53.

Analysts Set New Price Targets

A number of analysts have commented on the stock. TD Securities cut their price objective on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Royal Bank of Canada cut their price objective on shares of Stella-Jones from C$97.00 to C$81.00 in a report on Thursday, November 7th. CIBC upgraded shares of Stella-Jones from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$83.00 to C$86.00 in a report on Wednesday, January 15th. Scotiabank cut their price objective on shares of Stella-Jones from C$95.00 to C$85.00 in a report on Thursday, November 7th. Finally, Cibc World Mkts upgraded shares of Stella-Jones from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$88.50.

Insider Transactions at Stella-Jones

In other news, Director Patrick Kirkham acquired 2,035 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of C$70.36 per share, with a total value of C$143,179.34. Corporate insiders own 0.14% of the company’s stock.

About Stella-Jones

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.