Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) announced a monthly dividend on Tuesday, January 16th, Wall Street Journal reports. Stockholders of record on Friday, April 13th will be paid a dividend of 0.0795 per share on Friday, April 27th. This represents a $0.95 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Thursday, April 12th.

Shaw Communications has decreased its dividend by an average of 2.7% per year over the last three years. Shaw Communications has a payout ratio of 93.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Shaw Communications to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.95 annual dividend with an expected future payout ratio of 88.0%.

Shares of Shaw Communications (NYSE:SJR) traded down $0.06 on Tuesday, hitting $21.72. 555,095 shares of the stock traded hands, compared to its average volume of 708,849. The firm has a market capitalization of $10,930.00, a PE ratio of 22.86, a PEG ratio of 4.59 and a beta of 0.96. Shaw Communications has a 1-year low of $20.13 and a 1-year high of $23.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.76 and a quick ratio of 0.66.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. equities research analysts forecast that Shaw Communications will post 0.95 EPS for the current year.

SJR has been the topic of several research reports. Zacks Investment Research raised shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, September 19th. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Barclays raised their target price on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. TheStreet raised shares of Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $32.00 target price on shares of Shaw Communications in a report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Shaw Communications currently has an average rating of “Hold” and an average price target of $27.00.

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Shaw Communications Company Profile

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.

Dividend History for Shaw Communications (NYSE:SJR)

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