Cogeco Communications Inc. Declares Quarterly Dividend of $0.92 (TSE:CCA)

Cogeco Communications Inc. (TSE:CCA - Get Free Report) declared a quarterly dividend on Monday, January 27th,TickerTech Dividends reports. Shareholders of record on Monday, February 10th will be given a dividend of 0.922 per share on Monday, February 10th. This represents a $3.69 annualized dividend and a yield of 5.93%. The ex-dividend date is Monday, January 27th.

Cogeco Communications Stock Performance

CCA traded up C$0.46 during trading on Friday, hitting C$62.21. The stock had a trading volume of 92,700 shares, compared to its average volume of 101,231. Cogeco Communications has a twelve month low of C$50.82 and a twelve month high of C$75.09. The company's 50-day moving average price is C$67.59 and its 200 day moving average price is C$66.02. The firm has a market capitalization of C$1.87 billion, a P/E ratio of 7.93, a PEG ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 142.88, a quick ratio of 0.49 and a current ratio of 0.41.

Cogeco Communications (TSE:CCA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported C$2.35 EPS for the quarter, topping analysts' consensus estimates of C$1.79 by C$0.56. Cogeco Communications had a net margin of 11.44% and a return on equity of 10.52%. During the same quarter in the prior year, the company earned $2.19 EPS. On average, equities research analysts forecast that Cogeco Communications will post 8.4900498 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on CCA shares. Royal Bank of Canada increased their price objective on Cogeco Communications from C$76.00 to C$79.00 in a research note on Thursday, October 10th. CIBC decreased their price target on shares of Cogeco Communications from C$73.00 to C$71.00 in a research note on Wednesday, January 15th. TD Securities boosted their price objective on shares of Cogeco Communications from C$85.00 to C$89.00 in a research report on Monday, November 4th. Scotiabank decreased their target price on shares of Cogeco Communications from C$77.50 to C$75.50 in a research report on Wednesday, January 15th. Finally, BMO Capital Markets boosted their price target on Cogeco Communications from C$70.00 to C$80.00 in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cogeco Communications has an average rating of "Moderate Buy" and a consensus price target of C$76.17.

Insider Activity

In other Cogeco Communications news, Director Jacques Royer sold 657 shares of Cogeco Communications stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$68.86, for a total transaction of C$45,241.02. Following the sale, the director now directly owns 1 shares in the company, valued at C$68.86. The trade was a 99.85 % decrease in their position. Also, Director Robin Anne Bienenstock bought 2,156 shares of the business's stock in a transaction on Friday, November 29th. The stock was acquired at an average cost of C$69.66 per share, for a total transaction of C$150,189.33. Insiders own 0.46% of the company's stock.

About Cogeco Communications

Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.