Cogeco Communications Inc. (CCA) to Issue Quarterly Dividend of $1.01 on November 25th

Cogeco Communications Inc. (TSE:CCA) announced a quarterly dividend on Tuesday, November 10th. Investors 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 7.3%. The ex-dividend date is Tuesday, November 10th. This is a 2.0% increase from Cogeco Communications’s previous quarterly dividend of $0.9870.

Cogeco Communications Stock Down 0.6%

Shares of CCA stock opened at C$55.20 on Friday. Cogeco Communications has a twelve month low of C$48.18 and a twelve month high of C$77.40. The stock has a market cap of C$2.32 billion, a P/E ratio of -2.10, a P/E/G ratio of 4.77 and a beta of 0.95. The stock has a 50 day moving average of C$54.76 and a 200 day moving average of C$62.94. The company has a current ratio of 0.59, a quick ratio of 0.49 and a debt-to-equity ratio of 229.76.

Cogeco Communications (TSE:CCA) last released its quarterly earnings data on Thursday, October 29th. The company reported C$2.05 EPS for the quarter. Cogeco Communications had a negative return on equity of 43.35% and a negative net margin of 39.55%. The business had revenue of C$695.49 million for the quarter. As a group, sell-side analysts expect that Cogeco Communications will post 8.49 EPS for the current year.

About Cogeco Communications

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. 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. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.