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

Stella-Jones Inc. (TSE:SJ) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends 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 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Monday, December 2nd.

Stella-Jones Stock Performance

SJ opened at C$71.54 on Friday. Stella-Jones has a 12-month low of C$67.13 and a 12-month high of C$98.00. The stock has a market cap of C$4.03 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.40 and a beta of 0.64. The business has a 50 day moving average of C$83.26 and a 200-day moving average of C$86.95. The company has a quick ratio of 1.20, a current ratio of 6.57 and a debt-to-equity ratio of 93.08.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SJ. Scotiabank decreased their target price on Stella-Jones from C$95.00 to C$85.00 in a research report on Thursday, November 7th. Royal Bank of Canada cut their target price on Stella-Jones from C$97.00 to C$81.00 in a research report on Thursday, November 7th. TD Securities dropped their target price on shares of Stella-Jones from C$103.00 to C$88.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, CIBC decreased their price target on Stella-Jones from C$99.00 to C$83.00 in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$88.00.

Insider Transactions at Stella-Jones

In other news, Senior Officer Richard Cuddihy bought 500 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were acquired at an average price of C$70.85 per share, for a total transaction of C$35,424.00. Also, Director James Augustus Manzi sold 5,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$92.92, for a total value of C$464,583.48. Over the last ninety days, insiders purchased 10,750 shares of company stock worth $753,042. Corporate insiders own 0.14% of the company’s stock.

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.