Shaw Communications Inc. (NYSE:SJR) Plans Monthly Dividend of $0.08

Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) declared a monthly dividend on Friday, January 14th, Wall Street Journal reports. Investors of record on Tuesday, March 15th will be given a dividend of 0.0789 per share on Wednesday, March 30th. This represents a $0.95 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Monday, March 14th.

Shaw Communications has raised its dividend payment by 3.4% over the last three years and has increased its dividend every year for the last 1 years. Shaw Communications has a payout ratio of 74.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Shaw Communications to earn $1.27 per share next year, which means the company should continue to be able to cover its $0.93 annual dividend with an expected future payout ratio of 73.2%.

Shares of Shaw Communications stock traded up $0.05 during midday trading on Friday, hitting $30.17. 187,126 shares of the company were exchanged, compared to its average volume of 211,933. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.79 and a quick ratio of 0.75. The firm has a market cap of $14.38 billion, a P/E ratio of 18.63 and a beta of 0.68. Shaw Communications has a 52 week low of $17.06 and a 52 week high of $30.66. The firm has a 50 day simple moving average of $29.48 and a 200-day simple moving average of $29.17.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings results on Wednesday, January 12th. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.10. Shaw Communications had a return on equity of 17.12% and a net margin of 18.48%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm posted $0.24 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Equities research analysts expect that Shaw Communications will post 1.28 earnings per share for the current year.

Separately, Royal Bank of Canada raised Shaw Communications from a “sector perform” rating to an “outperform” rating in a report on Monday, November 8th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Shaw Communications presently has an average rating of “Buy” and a consensus target price of $35.42.

A hedge fund recently bought a new stake in Shaw Communications stock. LPL Financial LLC bought a new stake in Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 34,064 shares of the company’s stock, valued at approximately $989,000. Institutional investors own 55.70% of the company’s stock.

About Shaw Communications

Shaw Communications, Inc engages in the provision of cable telecommunications and satellite video services. The company was founded by James Robert Shaw on December 9, 1966 and is headquartered in Calgary, Canada.

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Dividend History for Shaw Communications (NYSE:SJR)

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