Corus Entertainment Inc. (CJR.B) Announces $0.06 Quarterly Dividend

Corus Entertainment Inc. (TSE:CJR.B) announced a quarterly dividend on Thursday, December 13th, TickerTech reports. Investors of record on Friday, December 28th will be paid a dividend of 0.06 per share on Friday, December 28th. This represents a $0.24 annualized dividend and a yield of 4.79%. The ex-dividend date is Thursday, December 13th.

CJR.B traded up C$0.13 during trading on Friday, reaching C$5.01. 604,911 shares of the company’s stock were exchanged, compared to its average volume of 642,951. Corus Entertainment has a one year low of C$6.93 and a one year high of C$14.10.

A number of equities analysts have weighed in on the stock. TD Securities upgraded shares of Corus Entertainment from a “hold” rating to a “buy” rating and set a C$6.50 target price for the company in a research report on Tuesday, September 4th. CIBC upgraded shares of Corus Entertainment from a “neutral” rating to an “outperform” rating in a research report on Monday, October 22nd. Finally, National Bank Financial cut their price objective on shares of Corus Entertainment from C$5.50 to C$4.75 and set a “sector perform” rating for the company in a research report on Monday, September 24th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of C$6.14.

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About Corus Entertainment

Corus Entertainment Inc is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services.

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Dividend History for Corus Entertainment (TSE:CJR.B)

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