Cogeco Communications Inc (CCA) Declares $0.53 Quarterly Dividend

Cogeco Communications Inc (TSE:CCA) announced a quarterly dividend on Monday, April 22nd, TickerTech reports. Stockholders of record on Tuesday, May 7th will be paid a dividend of 0.525 per share on Tuesday, May 7th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, April 22nd.

Shares of CCA stock opened at C$90.41 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.59 and a debt-to-equity ratio of 165.78. The stock has a market capitalization of $4.49 billion and a PE ratio of 13.18. Cogeco Communications has a 52-week low of C$61.68 and a 52-week high of C$92.33.

A number of brokerages have recently issued reports on CCA. Royal Bank of Canada upped their target price on shares of Cogeco Communications from C$89.00 to C$90.00 in a report on Tuesday, April 9th. National Bank Financial upped their target price on shares of Cogeco Communications from C$90.00 to C$95.00 and gave the company an “outperform” rating in a report on Thursday, April 4th. Desjardins increased their price target on shares of Cogeco Communications from C$81.00 to C$87.00 in a report on Thursday, February 28th. CIBC increased their price target on shares of Cogeco Communications from C$85.00 to C$94.00 in a report on Thursday, February 28th. Finally, TD Securities increased their price target on shares of Cogeco Communications from C$95.00 to C$100.00 in a report on Friday, March 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Cogeco Communications presently has a consensus rating of “Buy” and an average price target of C$89.83.

ILLEGAL ACTIVITY WARNING: This article was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://sportsperspectives.com/2019/04/17/cogeco-communications-inc-cca-declares-0-53-quarterly-dividend.html.

About Cogeco Communications

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.

Further Reading: Why Dividend Stocks May Be Right for You

Dividend History for Cogeco Communications (TSE:CCA)

Receive News & Ratings for Cogeco Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco Communications and related companies with MarketBeat.com's FREE daily email newsletter.