Shaw Communications Inc (TSE:SJR.B) to Issue $0.10 Monthly Dividend


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Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) announced a monthly dividend on Wednesday, April 14th, TickerTech reports. Investors of record on Thursday, April 29th will be given a dividend of 0.0988 per share on Thursday, April 29th. This represents a $1.19 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Wednesday, April 14th.

TSE SJR.B opened at C$33.57 on Monday. The firm has a market cap of C$16.74 billion and a price-to-earnings ratio of 25.43. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 98.30. The business has a 50-day moving average price of C$28.23 and a 200-day moving average price of C$24.22. Shaw Communications has a twelve month low of C$21.39 and a twelve month high of C$35.08.

Several research firms have recently issued reports on SJR.B. Canaccord Genuity raised their price objective on Shaw Communications from C$28.50 to C$40.50 and gave the company a “na” rating in a research note on Tuesday, March 16th. National Bankshares increased their price target on Shaw Communications from C$28.00 to C$40.50 and gave the stock an “outperform” rating in a report on Tuesday, March 16th. Royal Bank of Canada increased their price target on Shaw Communications from C$27.00 to C$40.50 and gave the stock a “sector perform” rating in a report on Tuesday, March 16th. Scotiabank increased their price target on Shaw Communications from C$28.50 to C$40.50 in a report on Tuesday, March 16th. Finally, TD Securities increased their price target on Shaw Communications from C$32.00 to C$34.00 and gave the stock an “action list buy” rating in a report on Thursday, January 14th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Shaw Communications currently has an average rating of “Buy” and a consensus target price of C$33.30.

In other news, Director Richard R. Green sold 1,784 shares of Shaw Communications stock in a transaction on Monday, February 1st. The stock was sold at an average price of C$22.34, for a total value of C$39,850.10. Also, Director Paul Kenneth Pew purchased 6,000 shares of the business’s stock in a transaction dated Tuesday, March 16th. The stock was bought at an average price of C$34.22 per share, for a total transaction of C$205,345.80. Following the completion of the acquisition, the director now directly owns 6,000 shares in the company, valued at approximately C$205,345.80.

Shaw Communications Company Profile

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.

Further Reading: What are some reasons analysts would give stocks a buy rating?

Dividend History for Shaw Communications (TSE:SJR.B)

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