Cogeco Inc. (TSE:CGO) Announces Quarterly Dividend of $1.01

Cogeco Inc. (TSE:CGO) announced a quarterly dividend on Tuesday, November 10th. Shareholders of record on Wednesday, November 25th will be given a dividend of $1.0070 per share on Wednesday, November 25th. This represents a $4.03 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Tuesday, November 10th.

Cogeco Stock Down 1.2%

CGO stock opened at C$50.68 on Friday. Cogeco has a fifty-two week low of C$43.51 and a fifty-two week high of C$77.04. The business’s 50 day moving average price is C$50.27 and its two-hundred day moving average price is C$61.47. The company has a debt-to-equity ratio of 916.00, a quick ratio of 0.51 and a current ratio of 0.60. The company has a market capitalization of C$479.94 million, a price-to-earnings ratio of -1.41, a price-to-earnings-growth ratio of -0.28 and a beta of 0.89.

Cogeco (TSE:CGO) last released its earnings results on Thursday, October 29th. The company reported C$2.04 EPS for the quarter. Cogeco had a negative return on equity of 49.57% and a negative net margin of 11.80%. The company had revenue of C$713.89 million during the quarter. As a group, analysts forecast that Cogeco will post 11.05 earnings per share for the current fiscal year.

Cogeco Company Profile

Cogeco Inc is a North American leader in the telecommunications and media sectors. Through Cogeco Communications Inc, we provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Through Cogeco Media, we operate 21 radio stations in Canada, primarily in the province of Quebec, as well as a news agency. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.