Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) announced a monthly dividend on Tuesday, January 16th, Wall Street Journal reports. Stockholders of record on Friday, April 13th will be given a dividend of 0.0795 per share on Friday, April 27th. This represents a $0.95 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, April 12th.
Shaw Communications has decreased its dividend by an average of 2.7% per year over the last three years. Shaw Communications has a dividend payout ratio of 93.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Shaw Communications to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.95 annual dividend with an expected future payout ratio of 88.0%.
Shares of Shaw Communications (SJR) opened at $21.72 on Wednesday. The company has a market cap of $10,377.21, a price-to-earnings ratio of 15.74, a PEG ratio of 4.59 and a beta of 0.95. The company has a quick ratio of 0.66, a current ratio of 0.76 and a debt-to-equity ratio of 0.70. Shaw Communications has a twelve month low of $20.13 and a twelve month high of $23.44.
Several analysts have recently commented on the stock. TD Securities raised shares of Shaw Communications to a “buy” rating in a report on Friday, January 12th. TheStreet raised shares of Shaw Communications from a “c” rating to a “b-” rating in a report on Monday, October 30th. Scotiabank downgraded shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Canaccord Genuity set a $28.00 target price on shares of Shaw Communications and gave the company a “hold” rating in a research note on Thursday, January 11th. Finally, Zacks Investment Research cut shares of Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $27.00.
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Shaw Communications Company Profile
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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