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

Stella-Jones Inc. (TSE:SJ) declared a quarterly dividend on Wednesday, February 28th, Zacks reports. Shareholders of record on Monday, April 1st will be given a dividend of 0.28 per share on Friday, April 19th. This represents a $1.12 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, March 28th. This is a boost from Stella-Jones’s previous quarterly dividend of $0.23.

Stella-Jones Stock Performance

TSE SJ opened at C$79.35 on Wednesday. Stella-Jones has a 1-year low of C$49.17 and a 1-year high of C$85.77. The company has a market cap of C$4.50 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 2.40 and a beta of 0.68. The stock’s 50 day simple moving average is C$78.24 and its 200-day simple moving average is C$75.53. The company has a debt-to-equity ratio of 97.46, a current ratio of 5.07 and a quick ratio of 1.20.

Stella-Jones (TSE:SJ) last issued its earnings results on Thursday, February 29th. The company reported C$0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.90 by C$0.08. Stella-Jones had a return on equity of 20.32% and a net margin of 9.82%. The company had revenue of C$688.00 million during the quarter, compared to analysts’ expectations of C$722.50 million. As a group, equities research analysts anticipate that Stella-Jones will post 5.7280118 EPS for the current fiscal year.

Analyst Ratings Changes

SJ has been the topic of a number of research reports. National Bankshares increased their target price on shares of Stella-Jones from C$87.00 to C$89.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Royal Bank of Canada boosted their price target on shares of Stella-Jones from C$91.00 to C$94.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. CIBC lifted their price objective on shares of Stella-Jones from C$116.00 to C$120.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. TD Securities lowered their target price on shares of Stella-Jones from C$96.00 to C$94.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Finally, Desjardins cut their price target on Stella-Jones from C$94.00 to C$92.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$93.57.

Insiders Place Their Bets

In other news, Director Kevin Patrick Comerford acquired 1,300 shares of Stella-Jones stock in a transaction on Tuesday, March 5th. The stock was bought at an average price of C$53.39 per share, for a total transaction of C$69,407.00. In other news, Senior Officer Richard Cuddihy acquired 500 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of C$72.45 per share, with a total value of C$36,225.00. Also, Director Kevin Patrick Comerford acquired 1,300 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of C$53.39 per share, with a total value of C$69,407.00. Over the last 90 days, insiders have bought 3,800 shares of company stock valued at $251,922. 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.