Cogeco Inc. (TSE:CGO) Stock to Pay Quarterly Dividend of $1.01

Cogeco Inc. (TSE:CGO) declared a quarterly dividend on Tuesday, November 10th. Stockholders of record on Wednesday, November 25th will be paid a dividend of $1.0070 per share on Wednesday, November 25th. This represents a $4.03 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Tuesday, November 10th.

Cogeco Stock Performance

Shares of Cogeco stock opened at C$50.68 on Friday. The company has a 50 day moving average of C$50.27 and a 200-day moving average of C$61.47. Cogeco has a 1-year low of C$43.51 and a 1-year high of C$77.04. The company has a current ratio of 0.60, a quick ratio of 0.51 and a debt-to-equity ratio of 916.00. The company has a market cap of C$479.94 million, a PE ratio of -1.41, a price-to-earnings-growth ratio of -0.28 and a beta of 0.89.

Cogeco (TSE:CGO) last posted its quarterly earnings results on Thursday, October 29th. The company reported C$2.04 earnings per share (EPS) for the quarter. The business had revenue of C$713.89 million for the quarter. Cogeco had a negative net margin of 11.80% and a negative return on equity of 49.57%. As a group, equities research analysts forecast that Cogeco will post 11.05 earnings per share for the current fiscal year.

Cogeco Company Profile

Cogeco Inc is a North American leader in the telecommunications and media sectors. Through Cogeco Communications Inc, we provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Through Cogeco Media, we operate 21 radio stations in Canada, primarily in the province of Quebec, as well as a news agency. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.