Stantec acquisitions to spur dividend

STANTEC INC. $114 is a buy. This engineering firm (Toronto symbol STN; Cyclical-Growth Payer Portfolio, Manufacturing sector; Shares outstanding: 114.1 million; Market cap: $13.0 billion; Dividend yield: 0.7%; Dividend Sustainability Rating: Above Average; www.stantec.com) is a leading seller of consulting, project-delivery, design and technology services.
With the April 2024 payment,… Read More

Earnings grew 23.3% at Stantec

Earnings grew 23.3% at Stantec

The firm is narrowing its focus to climate solutions, infrastructure projects, and digital technologies, a strategic shift expected to drive annual revenue growth (excluding acquisitions) by approximately 7% per year.

Meanwhile, management reported an 11.5% increase in revenue in the most recent quarter as well as… Read More