Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) declared a monthly dividend on Thursday, December 13th, TickerTech reports. Shareholders of record on Friday, December 28th will be given a dividend of 0.0988 per share on Friday, December 28th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Thursday, December 13th.
Shares of Shaw Communications stock traded down C$0.03 on Friday, reaching C$25.25. 1,091,197 shares of the company’s stock were exchanged, compared to its average volume of 1,000,000. Shaw Communications has a 52 week low of C$24.31 and a 52 week high of C$30.44.
A number of equities analysts have issued reports on the company. TD Securities cut their price target on Shaw Communications from C$33.00 to C$32.00 and set an “action list buy” rating on the stock in a report on Wednesday, September 5th. National Bank Financial cut their target price on Shaw Communications from C$28.00 to C$27.00 and set a “sector perform” rating on the stock in a report on Friday, September 21st. CIBC increased their target price on Shaw Communications from C$30.00 to C$31.00 in a report on Friday, October 26th. BMO Capital Markets cut their target price on Shaw Communications from C$28.00 to C$27.00 in a report on Friday, October 26th. Finally, Cormark increased their target price on Shaw Communications from C$30.25 to C$31.00 in a report on Friday, October 26th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Shaw Communications has a consensus rating of “Buy” and an average target price of C$30.00.
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About Shaw Communications
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.
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