Cogeco Communications Inc. (TSE:CCA) Raises Dividend to $0.92 Per Share

Cogeco Communications Inc. (TSE:CCA - Get Free Report) declared a quarterly dividend on Thursday, November 14th,Zacks Dividends reports. Stockholders of record on Thursday, November 28th will be given a dividend of 0.922 per share on Thursday, November 28th. This represents a $3.69 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Cogeco Communications's previous quarterly dividend of $0.85.

Cogeco Communications Trading Down 0.0 %

CCA stock traded down C$0.03 on Tuesday, hitting C$71.61. 53,413 shares of the company were exchanged, compared to its average volume of 76,564. Cogeco Communications has a twelve month low of C$50.78 and a twelve month high of C$72.91. The business's fifty day moving average is C$68.66 and its two-hundred day moving average is C$61.06. The stock has a market capitalization of C$2.15 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 4.77 and a beta of 0.59. The company has a debt-to-equity ratio of 142.88, a current ratio of 0.41 and a quick ratio of 0.49.

Analysts Set New Price Targets

CCA has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on shares of Cogeco Communications from C$76.00 to C$79.00 in a research note on Thursday, October 10th. National Bankshares raised Cogeco Communications from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$64.00 to C$80.00 in a research note on Friday, September 20th. National Bank Financial upgraded Cogeco Communications from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 19th. Scotiabank upped their price objective on Cogeco Communications from C$73.50 to C$77.50 in a research note on Monday, November 4th. Finally, TD Securities increased their price objective on Cogeco Communications from C$85.00 to C$89.00 in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cogeco Communications presently has an average rating of "Moderate Buy" and an average target price of C$75.50.

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.