Cogeco Inc. (TSE:CGO) Announces $0.85 Quarterly Dividend

Cogeco Inc. (TSE:CGO) announced a quarterly dividend on Friday, April 12th, Zacks reports. Shareholders of record on Thursday, April 25th will be paid a dividend of 0.854 per share on Thursday, May 9th. This represents a $3.42 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend is Wednesday, April 24th.

Cogeco Stock Performance

Shares of CGO opened at C$53.68 on Tuesday. The stock has a market capitalization of C$431.59 million, a P/E ratio of 13.25, a price-to-earnings-growth ratio of -0.28 and a beta of 0.26. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 137.99. Cogeco has a 12 month low of C$44.62 and a 12 month high of C$62.49. The firm’s fifty day simple moving average is C$56.51 and its two-hundred day simple moving average is C$54.20.

Cogeco (TSE:CGO) last posted its earnings results on Thursday, April 11th. The company reported C$2.33 EPS for the quarter. Cogeco had a net margin of 2.06% and a return on equity of 9.44%. The firm had revenue of C$751.91 million for the quarter. As a group, analysts predict that Cogeco will post 10.1988848 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, TD Securities dropped their target price on shares of Cogeco from C$110.00 to C$106.00 and set a “buy” rating on the stock in a research report on Monday, April 15th.

About Cogeco

Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.