Cogeco Communications Inc (TSE:CCA) Senior Officer Pierre Maheux sold 274 shares of Cogeco Communications stock in a transaction dated Monday, July 15th. The shares were sold at an average price of C$105.35, for a total value of C$28,865.90. Following the transaction, the insider now owns 1,934 shares of the company’s stock, valued at approximately C$203,746.90.
TSE CCA opened at C$106.81 on Wednesday. The company’s 50-day moving average is C$94.84. The stock has a market cap of $5.12 billion and a price-to-earnings ratio of 15.30. Cogeco Communications Inc has a fifty-two week low of C$61.68 and a fifty-two week high of C$107.05. The company has a debt-to-equity ratio of 136.92, a current ratio of 1.80 and a quick ratio of 1.71.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Wednesday, August 7th will be paid a $0.525 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $2.10 annualized dividend and a dividend yield of 1.97%. Cogeco Communications’s dividend payout ratio is presently 29.37%.
About Cogeco Communications
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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