Shaw Communications Inc (SJR) Announces $0.08 Monthly Dividend

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.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. sell-side analysts predict that Shaw Communications will post 0.95 earnings per share for the current fiscal year.

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.

Dividend History for Shaw Communications (NYSE:SJR)

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