Corus Entertainment Inc. (CJREF) Plans Quarterly Dividend of $0.05

Corus Entertainment Inc. (OTCMKTS:CJREF) declared a quarterly dividend on Friday, October 19th, Zacks reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.046 per share on Friday, December 28th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, December 13th.

Shares of Corus Entertainment stock opened at $3.80 on Friday. Corus Entertainment has a 1 year low of $2.75 and a 1 year high of $9.47. The company has a market cap of $771.66 million, a price-to-earnings ratio of 4.09 and a beta of 0.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.95 and a quick ratio of 0.95.

Corus Entertainment (OTCMKTS:CJREF) last announced its earnings results on Friday, October 19th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. Corus Entertainment had a negative net margin of 47.24% and a positive return on equity of 10.27%. The business had revenue of $289.47 million during the quarter.

Several research analysts have commented on the stock. Canaccord Genuity raised shares of Corus Entertainment from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. CIBC raised shares of Corus Entertainment from a “neutral” rating to an “outperform” rating in a research note on Monday, October 22nd.

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About Corus Entertainment

Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates through two segments, Television and Radio. The Television segment operates 44 specialty television networks and 15 conventional television stations.

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Dividend History for Corus Entertainment (OTCMKTS:CJREF)

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