Cogeco Communications Inc (TSE:CCA) Plans Quarterly Dividend of $0.58

Cogeco Communications Inc (TSE:CCA) declared a quarterly dividend on Tuesday, November 12th, TickerTech reports. Shareholders of record on Wednesday, November 27th will be given a dividend of 0.58 per share on Wednesday, November 27th. This represents a $2.32 annualized dividend and a yield of 2.10%. The ex-dividend date is Tuesday, November 12th. This is a positive change from Cogeco Communications’s previous quarterly dividend of $0.53.

TSE CCA opened at C$110.22 on Friday. Cogeco Communications has a twelve month low of C$61.68 and a twelve month high of C$117.79. The company has a debt-to-equity ratio of 133.03, a quick ratio of 1.69 and a current ratio of 1.75. The stock has a market cap of $5.43 billion and a price-to-earnings ratio of 13.21. The firm’s 50 day moving average price is C$109.05 and its two-hundred day moving average price is C$100.98.

CCA has been the topic of several research analyst reports. National Bank Financial boosted their price target on shares of Cogeco Communications from C$121.00 to C$124.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of Cogeco Communications from C$108.00 to C$111.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. CIBC boosted their price target on shares of Cogeco Communications from C$109.00 to C$113.00 in a report on Friday, November 1st. TD Securities cut shares of Cogeco Communications from a “buy” rating to a “hold” rating and set a C$110.00 price target on the stock. in a report on Tuesday, August 20th. Finally, Echelon Wealth Partners cut shares of Cogeco Communications from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$105.00.

In other news, Senior Officer Luc Noiseux sold 260 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$106.05, for a total transaction of C$27,573.00. Also, Senior Officer AndrĂ©e Pinard sold 1,600 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of C$104.21, for a total transaction of C$166,736.00. Following the transaction, the insider now owns 650 shares in the company, valued at approximately C$67,736.50. In the last three months, insiders have sold 3,621 shares of company stock valued at $380,640.

Cogeco Communications Company Profile

Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services; American Broadband Services; and Business Information and Communications Technology Services. It offers digital video and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.

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Dividend History for Cogeco Communications (TSE:CCA)

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