Corus Entertainment Inc. (TSE:CJR.B) announced a quarterly dividend on Thursday, June 13th, TickerTech reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.06 per share on Friday, June 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Thursday, June 13th.
Corus Entertainment stock traded up C$0.14 during mid-day trading on Wednesday, hitting C$6.75. The stock had a trading volume of 794,529 shares, compared to its average volume of 642,951. Corus Entertainment has a one year low of C$6.93 and a one year high of C$14.10.
Several research analysts recently weighed in on CJR.B shares. Cormark set a C$8.50 target price on shares of Corus Entertainment in a report on Monday, April 8th. Royal Bank of Canada upped their target price on shares of Corus Entertainment from C$7.50 to C$8.00 in a report on Monday, April 8th. TD Securities upped their target price on shares of Corus Entertainment from C$10.00 to C$11.00 and gave the stock an “action list buy” rating in a report on Monday, April 8th. CIBC increased their price objective on shares of Corus Entertainment from C$8.00 to C$9.00 in a report on Monday, April 8th. Finally, BMO Capital Markets increased their price objective on shares of Corus Entertainment from C$6.00 to C$7.00 and gave the company a “market perform” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Corus Entertainment presently has an average rating of “Buy” and an average price target of C$7.91.
Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates through two segments, Television and Radio. The Television segment operates 44 specialty television networks and 15 conventional television stations.
Further Reading: Cost of Equity For A Business, Investors
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