Stella-Jones Inc. (SJ) to Distribute Quarterly Dividend of $0.31 on April 18th

Stella-Jones Inc. (TSE:SJ) announced 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 dividend yield of 1.79%. This is a positive change from Stella-Jones’s previous quarterly dividend of $0.28.

Stella-Jones Stock Down 4.4 %

Shares of TSE SJ opened at C$69.18 on Friday. The company has a debt-to-equity ratio of 87.53, a quick ratio of 1.20 and a current ratio of 6.85. The firm has a market capitalization of C$3.87 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 2.40 and a beta of 0.64. The stock has a 50 day moving average price of C$70.41 and a 200 day moving average price of C$79.11. Stella-Jones has a 52-week low of C$65.13 and a 52-week high of C$98.00.

Insider Transactions at Stella-Jones

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

Analysts Set New Price Targets

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

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.