Shaw Communications (SJR) Declares Monthly Dividend of $0.08
Shaw Communications (NYSE:SJR) declared a monthly dividend on Wednesday, January 15th, Stock Ratings Network.com reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.0845 per share on Tuesday, April 29th. This represents a $1.01 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, April 11th.
Several analysts have recently commented on the stock. 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 research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. Shaw Communications has an average rating of “Hold” and a consensus price target of $25.05.
Shaw Communications (NYSE:SJR) traded down 0.62% during mid-day trading on Wednesday, hitting $22.62. 1,346,795 shares of the company’s stock traded hands. Shaw Communications has a 52-week low of $21.32 and a 52-week high of $25.46. The stock’s 50-day moving average is $23.58 and its 200-day moving average is $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 issued its quarterly earnings data on Monday, January 13th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. 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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