Corus Entertainment Inc. (CJR.B) Plans Quarterly Dividend of $0.06

Corus Entertainment Inc. (TSE:CJR.B) declared a quarterly dividend on Thursday, December 13th, TickerTech reports. Shareholders of record on Friday, December 28th will be paid a dividend of 0.06 per share on Friday, December 28th. This represents a $0.24 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Thursday, December 13th.

TSE:CJR.B traded up C$0.13 on Friday, reaching C$5.01. 604,911 shares of the company’s stock were exchanged, compared to its average volume of 642,951. Corus Entertainment has a 52 week low of C$6.93 and a 52 week high of C$14.10.

A number of equities analysts have recently commented on CJR.B shares. CIBC cut their price objective on shares of Corus Entertainment from C$8.00 to C$7.00 in a research report on Wednesday, October 3rd. TD Securities upgraded shares of Corus Entertainment from a “hold” rating to a “buy” rating and set a C$6.50 price objective for the company in a research report on Tuesday, September 4th. Finally, National Bank Financial cut their price objective on shares of Corus Entertainment from C$5.50 to C$4.75 and set a “sector perform” rating for the company in a research report on Monday, September 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$6.14.

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About Corus Entertainment

Corus Entertainment Inc is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services.

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Dividend History for Corus Entertainment (TSE:CJR.B)

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