Student Transportation Inc. to Issue Monthly Dividend of $0.04 (STB)

Student Transportation Inc. (TSE:STB) (NASDAQ:STB) declared a monthly dividend on Friday, April 27th, TickerTech reports. Shareholders of record on Tuesday, May 15th will be paid a dividend of 0.0367 per share on Tuesday, May 15th. This represents a $0.44 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Friday, April 27th.

Shares of Student Transportation stock opened at C$9.53 on Friday. Student Transportation has a 12-month low of C$6.98 and a 12-month high of C$9.84.

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Student Transportation (TSE:STB) (NASDAQ:STB) last issued its quarterly earnings results on Friday, February 9th. The company reported C$0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.08 by C$0.03. Student Transportation had a net margin of 11.72% and a return on equity of 80.41%. The business had revenue of C$246.21 million for the quarter, compared to analyst estimates of C$236.92 million.

A number of research analysts have issued reports on STB shares. BMO Capital Markets upped their price target on shares of Student Transportation from C$7.60 to C$7.75 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. National Bank Financial lowered shares of Student Transportation from an “outperform” rating to a “tender” rating and upped their price target for the company from C$9.50 to C$9.58 in a research note on Wednesday, February 28th. Scotiabank lowered shares of Student Transportation from a “sector perform” rating to a “tender” rating and upped their price target for the company from C$8.00 to C$9.60 in a research note on Wednesday, February 28th. Finally, Raymond James lowered shares of Student Transportation from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 1st.

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About Student Transportation

Student Transportation Inc is a Canada-based company engaged in providing school bus transportation services in North America. The Company provides school bus and management services to public and private schools in North America and offers services, such as contracted services, special needs transportation, charter services, direct to parent and used bus sales.

Dividend History for Student Transportation (TSE:STB)

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