Cogeco Inc. (TSE:CGO – Get Free Report) announced a quarterly dividend on Monday, November 4th, Zacks reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.922 per share on Thursday, November 28th. This represents a $3.69 annualized dividend and a yield of 6.00%. The ex-dividend date is Thursday, November 14th. This is a positive change from Cogeco’s previous quarterly dividend of $0.85.
Cogeco Trading Down 0.7 %
Shares of TSE CGO traded down C$0.46 during midday trading on Wednesday, reaching C$61.50. The company had a trading volume of 4,861 shares, compared to its average volume of 20,072. The firm’s fifty day moving average price is C$58.16 and its 200-day moving average price is C$54.08. The company has a quick ratio of 0.51, a current ratio of 0.44 and a debt-to-equity ratio of 151.56. Cogeco has a one year low of C$44.62 and a one year high of C$62.88. The stock has a market cap of C$486.47 million, a PE ratio of 7.38, a price-to-earnings-growth ratio of -0.28 and a beta of 0.34.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on CGO shares. TD Securities upped their price target on shares of Cogeco from C$99.00 to C$104.00 in a report on Monday. CIBC lowered their price objective on shares of Cogeco from C$69.00 to C$67.00 in a research note on Monday. Finally, Canaccord Genuity Group raised Cogeco from a “hold” rating to a “buy” rating and upped their price target for the company from C$65.00 to C$77.00 in a research report on Monday.
About Cogeco
Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.
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