Shaw Communications (SJR) Announces Monthly Dividend of $0.08
Shaw Communications (NYSE:SJR) declared a monthly dividend on Friday, October 25th, AnalystRatings.NET reports. Investors of record on Friday, February 14th will be given a dividend of $0.0825 per share on Thursday, February 27th. This represents a $0.99 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, February 12th.
On a related note, 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 given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $24.73.
Shares of Shaw Communications (NYSE:SJR) traded up 0.51% during mid-day trading on Friday, hitting $23.59. 264,392 shares of the company’s stock traded hands. 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 announced its earnings results on Thursday, October 24th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis.
Shaw Communications Inc (NYSE:SJR) is a diversified Canadian communications company.
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