Shaw Communications (SJR) Announces Monthly Dividend of $0.08
Shaw Communications (NYSE:SJR) declared a monthly dividend on Wednesday, January 15th, American Banking News.com reports. Investors of record on Friday, March 14th will be given a dividend of 0.0845 per share on Friday, March 28th. This represents a $1.01 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Wednesday, March 12th.
A number of research firms have recently commented on SJR. Analysts at Merrill Lynch downgraded shares of Shaw Communications to a “neutral” rating in a research note to investors on Wednesday. On the ratings front, analysts at Bank of America Corp. downgraded shares of Shaw Communications from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Shaw Communications in a research note to investors on Friday, January 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.05.
Shaw Communications (NYSE:SJR) traded down 0.62% on Wednesday, hitting $22.62. The stock had a trading volume of 1,346,795 shares. Shaw Communications has a one year low of $21.32 and a one year high of $25.46. The stock has a 50-day moving average of $23.58 and a 200-day moving average of $23.91. The company has a market cap of $10.243 billion and a P/E ratio of 13.70.
Shaw Communications (NYSE:SJR) last released its earnings data on Monday, January 13th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $0.49 earnings per share. Shaw Communications’s revenue was up 3.1% compared to the same quarter last year. Analysts expect that Shaw Communications will post $1.65 EPS for the current fiscal year.
Shaw Communications Inc (NYSE:SJR) is a diversified Canadian communications company.
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