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

Stella-Jones Inc. (TSE:SJ) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Monday, December 2nd.

Stella-Jones Stock Down 14.1 %

Shares of SJ opened at C$75.37 on Thursday. Stella-Jones has a 1 year low of C$71.41 and a 1 year high of C$98.00. The company has a debt-to-equity ratio of 93.08, a current ratio of 6.57 and a quick ratio of 1.20. The stock has a 50 day simple moving average of C$89.81 and a two-hundred day simple moving average of C$87.81. The firm has a market cap of C$4.25 billion, a P/E ratio of 12.18, a P/E/G ratio of 2.40 and a beta of 0.64.

Stella-Jones (TSE:SJ) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.96 by C($0.02). Stella-Jones had a net margin of 10.20% and a return on equity of 20.64%. The business had revenue of C$1.05 billion during the quarter, compared to analysts’ expectations of C$1.07 billion. On average, analysts forecast that Stella-Jones will post 6.4457565 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity

In other Stella-Jones news, Director James Augustus Manzi sold 5,000 shares of the company’s stock in a transaction 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. 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.