Student Transportation Inc (STB) Announces $0.04 Monthly Dividend
Student Transportation Inc (NASDAQ:STB) (TSE:STB) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Investors of record on Monday, April 30th will be paid a dividend of 0.0367 per share by the transportation company on Tuesday, May 15th. This represents a $0.44 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date is Friday, April 27th.
Shares of Student Transportation (NASDAQ STB) traded up $0.19 during midday trading on Tuesday, reaching $5.98. 275,500 shares of the company were exchanged, compared to its average volume of 195,934. Student Transportation has a 12-month low of $5.42 and a 12-month high of $6.28. The stock has a market capitalization of $549.37, a P/E ratio of 22.73 and a beta of 0.62. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.91 and a quick ratio of 1.83.
An institutional investor recently raised its position in Student Transportation stock. Vanguard Group Inc. grew its holdings in Student Transportation Inc (NASDAQ:STB) (TSE:STB) by 20.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,885 shares of the transportation company’s stock after buying an additional 4,669 shares during the period. Vanguard Group Inc.’s holdings in Student Transportation were worth $186,000 as of its most recent filing with the Securities & Exchange Commission. 25.14% of the stock is owned by institutional investors and hedge funds.
Student Transportation Company Profile
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.
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