Cogeco Communications Inc (CCA) Announces $0.48 Quarterly Dividend

Cogeco Communications Inc (TSE:CCA) announced a quarterly dividend on Tuesday, January 23rd, TickerTech reports. Shareholders of record on Wednesday, February 7th will be paid a dividend of 0.475 per share on Wednesday, February 7th. This represents a $1.90 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Tuesday, January 23rd.

Cogeco Communications (TSE:CCA) traded down C$0.51 during trading on Thursday, hitting C$77.48. The stock had a trading volume of 93,732 shares, compared to its average volume of 85,624. Cogeco Communications has a fifty-two week low of C$68.69 and a fifty-two week high of C$95.21. The stock has a market cap of $3,850.00, a P/E ratio of 12.81 and a beta of 0.71.

Cogeco Communications (TSE:CCA) last posted its earnings results on Wednesday, January 10th. The company reported C$1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.52 by C$0.02. Cogeco Communications had a return on equity of 18.11% and a net margin of 12.93%.

Several analysts have recently weighed in on CCA shares. Barclays boosted their target price on Cogeco Communications from C$80.00 to C$90.00 in a report on Monday, November 6th. CIBC boosted their target price on Cogeco Communications from C$78.00 to C$93.00 in a report on Monday, January 8th. BMO Capital Markets reduced their target price on Cogeco Communications from C$94.00 to C$90.00 in a report on Friday, January 12th. TD Securities boosted their target price on Cogeco Communications from C$87.00 to C$89.00 and gave the company a “hold” rating in a report on Friday, January 12th. Finally, Canaccord Genuity downgraded Cogeco Communications from a “buy” rating to a “hold” rating and boosted their target price for the company from C$89.00 to C$93.00 in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$88.95.

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Cogeco Communications Company Profile

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

Dividend History for Cogeco Communications (TSE:CCA)

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