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Student Transportation: School Busses Drive Dividends
02/20/2018 5:00 am EST
Student Transportation (STB) is the third-largest school bus transportation provider in North America, providing over 11,500 school buses in over 225 school districts, observes income expert Jimmy Mengel, editor of The Crow's Nest.
Student Transportationprovides school bus transportation and route management services to both public and private schools in North America. The company offers contracted, managed, special needs transportation, direct-to-parent, and charter services.
It currently services around 290 contracts with a fleet of 13,000 vehicles. The company delivers its services through drivers, dispatchers, maintenance technicians, terminal managers, and information technology professionals.
Founded in 1997, Student Transportation Inc. is headquartered in Wall Township, New Jersey, but operates mostly in Canada. It is currently listed on the NASDAQ with a $5.5 million market capitalization.
The idea here is that, well, people are going to school! And I would make a bold prediction that they will continue to ride the bus to school into the foreseeable future.
Like insurance, this may seem like a really boring stock to buy. But here’s why I’m sharing it: Student Transportation Inc. currently pays a dividend over 7%!
For a company that has been completely stable and has a built-in audience and reliable schedule, Student Transportation Inc. is a great place to park some money.
And the best part is that it offers a dividend reinvestment plan (DRIP) with a 3% discount. That’s a massive 10% yield if you buy the stock that way.
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