Stella-Jones Inc Plans Quarterly Dividend of $0.11 (SJ)

Stella-Jones Inc (TSE:SJ) declared a quarterly dividend on Friday, November 3rd, Zacks reports. Investors of record on Monday, December 4th will be given a dividend of 0.11 per share on Thursday, December 21st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, December 1st.

Shares of Stella-Jones (TSE:SJ) traded up C$0.02 during midday trading on Monday, reaching C$49.68. The company had a trading volume of 39,842 shares, compared to its average volume of 113,827. Stella-Jones has a 1 year low of C$37.17 and a 1 year high of C$51.49.

In related news, Director Glen Ritchie sold 1,000 shares of Stella-Jones stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of C$48.70, for a total transaction of C$48,700.00.

Several brokerages recently commented on SJ. TD Securities increased their price target on Stella-Jones from C$48.00 to C$49.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Scotiabank raised their price objective on Stella-Jones from C$45.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Monday, November 6th. National Bank Financial raised their price objective on Stella-Jones from C$48.00 to C$52.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 17th. Acumen Capital raised their price objective on Stella-Jones from C$50.50 to C$55.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$56.00 price objective on shares of Stella-Jones in a research report on Tuesday, October 17th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Stella-Jones has an average rating of “Hold” and an average target price of C$49.25.

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About Stella-Jones

Stella-Jones Inc produces and markets pressure treated wood products in Canada and the United States. It offers railway ties and timbers for railroad operators; and utility poles for electrical utilities and telecommunication companies. The company also provides residential lumber to retailers and wholesalers for use in decks, fences, patios, and other outdoor applications; and industrial products, including bridge timbers and docks, foundation and marine pilings, highway guardrail posts, panelized railway crossings, and construction timbers.

Dividend History for Stella-Jones (TSE:SJ)

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