Cogeco Communications Inc (CCA) Announces Quarterly Dividend of $0.53

Cogeco Communications Inc (TSE:CCA) declared a quarterly dividend on Monday, April 22nd, TickerTech reports. Stockholders of record on Tuesday, May 7th will be given a dividend of 0.525 per share on Tuesday, May 7th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, April 22nd.

TSE CCA opened at C$90.50 on Friday. The stock has a market capitalization of $4.49 billion and a PE ratio of 16.28. The company has a debt-to-equity ratio of 158.42, a current ratio of 2.41 and a quick ratio of 0.48. Cogeco Communications has a twelve month low of C$61.68 and a twelve month high of C$92.33.

Cogeco Communications (TSE:CCA) last released its quarterly earnings data on Tuesday, April 9th. The company reported C$1.64 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.57 by C$0.07. The business had revenue of C$584.13 million during the quarter, compared to the consensus estimate of C$642.13 million. Equities research analysts predict that Cogeco Communications will post 7.40757855325064 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on CCA. Desjardins upped their price objective on Cogeco Communications from C$81.00 to C$87.00 in a research note on Thursday, February 28th. CIBC increased their price target on Cogeco Communications from C$85.00 to C$94.00 in a research note on Thursday, February 28th. Echelon Wealth Partners reissued a “buy” rating on shares of Cogeco Communications in a research note on Monday, January 14th. Barclays increased their price target on Cogeco Communications from C$70.00 to C$73.00 in a research note on Monday, January 14th. Finally, National Bank Financial increased their price target on Cogeco Communications from C$84.00 to C$90.00 and gave the company an “outperform” rating in a research note on Thursday, February 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$89.83.

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Cogeco Communications Company Profile

Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services; American Broadband Services; and Business Information and Communications Technology Services. It offers digital video and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.

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Dividend History for Cogeco Communications (TSE:CCA)

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