Shaw Communications Declares Monthly Dividend of $0.08 (SJR)
Shaw Communications (NYSE:SJR) announced a monthly dividend on Friday, October 25th, Analyst Ratings News reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.0825 per share on Thursday, January 30th. This represents a $0.99 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Monday, January 13th.
On the ratings front, analysts at BMO Capital Markets downgraded shares of Shaw Communications from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, September 3rd. They now have a $26.00 price target on the stock, down previously from $27.00. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.73.
Shaw Communications (NYSE:SJR) traded up 0.51% on Friday, hitting $23.59. The stock had a trading volume of 264,392 shares. Shaw Communications has a 52-week low of $20.40 and a 52-week high of $25.46. The stock’s 50-day moving average is $24.28 and its 200-day moving average is $23.62. The company has a market cap of $10.623 billion and a price-to-earnings ratio of 13.77.
Shaw Communications (NYSE:SJR) last released its earnings data on Thursday, October 24th. The company reported $0.24 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.33 by $0.09. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company posted $0.28 earnings per share. Shaw Communications’s revenue was up 3.0% compared to the same quarter last year.
Shaw Communications Inc (NYSE:SJR) is a diversified Canadian communications company.
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