Cogeco Inc. (CGO) Declares Dividend of C$0.20
Cogeco (TSE:CGO) declared a dividend on Monday, January 13th, American Banking & Market News reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.2024 per share on Monday, February 10th. The ex-dividend date of this dividend is Thursday, January 23rd.
On the ratings front, analysts at TD Securities raised their price target on shares of Cogeco from C$72.00 to C$78.00 in a research note to investors on Wednesday. They now have an “action list buy” rating on the stock.
Shares of Cogeco (TSE:CGO) opened at 48.90 on Friday. Cogeco has a 52 week low of $38.02 and a 52 week high of $49.90. The stock’s 50-day moving average is $48.37 and its 200-day moving average is $47.00. The company has a market cap of $817.9 million and a P/E ratio of 11.95.
COGECO Inc (TSE:CGO) is a diversified holding corporation that provides Cable Television, High Speed Internet (HSI), Telephony services and other telecommunications services to its residential and commercial customers in Canada through Cogeco Cable Inc (Cogeco Cable) and is engaged in Radio broadcasting in Canada through Cogeco Diffusion Acquisitions Inc (CDI) and in advertising representation specialized in the public transport sector through Metromedia CMR Plus Inc (Metromedia).
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