Cogeco Communications Inc Declares Quarterly Dividend of $0.48 (CCA)

Cogeco Communications Inc (TSE:CCA) announced a quarterly dividend on Tuesday, January 23rd, TickerTech reports. Stockholders of record on Wednesday, February 7th will be paid a dividend of 0.475 per share on Wednesday, February 7th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Tuesday, January 23rd.

Shares of Cogeco Communications (TSE CCA) traded down C$0.51 during midday trading on Thursday, hitting C$77.48. The stock had a trading volume of 93,732 shares, compared to its average volume of 85,624. Cogeco Communications has a twelve month low of C$68.69 and a twelve month high of C$95.21. The firm has a market capitalization of $3,850.00, a PE ratio of 12.81 and a beta of 0.71.

Cogeco Communications (TSE:CCA) last released its earnings results on Wednesday, January 10th. The company reported C$1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.52 by C$0.02. Cogeco Communications had a return on equity of 18.11% and a net margin of 12.93%.

Several research analysts recently commented on CCA shares. BMO Capital Markets reissued a “market perform” rating and set a C$94.00 target price on shares of Cogeco Communications in a research note on Monday, November 6th. TD Securities raised Cogeco Communications from a “reduce” rating to a “hold” rating and set a C$87.00 target price for the company in a research note on Thursday, December 21st. National Bank Financial boosted their target price on Cogeco Communications from C$92.00 to C$96.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 7th. Scotiabank reissued an “outperform” rating and set a C$102.00 target price on shares of Cogeco Communications in a research note on Monday, November 6th. Finally, Barclays lowered their target price on Cogeco Communications from C$90.00 to C$86.00 in a research note on Friday, January 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$88.95.

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Cogeco Communications Company Profile

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

Dividend History for Cogeco Communications (TSE:CCA)

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