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

Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) declared a monthly dividend on Friday, October 27th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.0781 per share on Tuesday, February 27th. This represents a $0.94 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Wednesday, February 14th.

Shaw Communications has decreased its dividend by an average of 2.7% per year over the last three years. Shaw Communications has a payout ratio of 125.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Shaw Communications to earn $1.08 per share next year, which means the company may not be able to cover its $1.19 annual dividend with an expected future payout ratio of 110.2%.

Shaw Communications (NYSE:SJR) opened at $20.37 on Friday. The firm has a market cap of $10,220.00, a P/E ratio of 21.67, a PEG ratio of 4.34 and a beta of 0.89. Shaw Communications has a 52 week low of $20.13 and a 52 week high of $23.44. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.66 and a current ratio of 0.76.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings results on Thursday, January 11th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.06). The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Shaw Communications had a return on equity of 9.89% and a net margin of 17.34%. Shaw Communications’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 earnings per share. equities research analysts predict that Shaw Communications will post 0.95 earnings per share for the current fiscal year.

SJR has been the subject of several recent analyst reports. Barclays increased their price objective on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. Zacks Investment Research raised Shaw Communications from a “strong sell” rating to a “hold” rating in a report on Monday, October 30th. Bank of America reissued a “neutral” rating and issued a $32.00 price objective on shares of Shaw Communications in a report on Tuesday, December 5th. Canaccord Genuity set a $28.00 price objective on Shaw Communications and gave the company a “hold” rating in a report on Thursday, January 11th. Finally, Scotiabank downgraded Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $27.00.

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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.

Dividend History for Shaw Communications (NYSE:SJR)

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