Cogeco Communications Inc. (TSE:CCA) to Issue $0.92 Quarterly Dividend

Cogeco Communications Inc. (TSE:CCA - Get Free Report) declared a quarterly dividend on Wednesday, April 23rd, TickerTech Dividends reports. Stockholders of record on Wednesday, May 7th will be given a dividend of 0.922 per share on Wednesday, May 7th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Cogeco Communications Stock Down 0.0 %

Shares of TSE CCA traded down C$0.03 during midday trading on Friday, reaching C$64.63. 88,217 shares of the company's stock traded hands, compared to its average volume of 104,408. Cogeco Communications has a one year low of C$50.82 and a one year high of C$75.09. The stock's 50 day simple moving average is C$66.43 and its 200-day simple moving average is C$67.22. The company has a market cap of C$2.72 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 4.77 and a beta of 0.59. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group lifted their price objective on shares of Cogeco Communications from C$76.00 to C$77.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Royal Bank of Canada increased their price objective on shares of Cogeco Communications from C$77.00 to C$78.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 9th. CIBC reduced their price target on Cogeco Communications from C$73.00 to C$71.00 in a research report on Wednesday, January 15th. Finally, Scotiabank set a C$75.00 price objective on shares of Cogeco Communications and gave the stock a "sector perform" rating in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$76.10.

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.