Corus Entertainment Inc. (CJR.B) Announces Quarterly Dividend of $0.06

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Corus Entertainment Inc. (TSE:CJR.B) announced a quarterly dividend on Thursday, December 13th, TickerTech reports. Shareholders of record on Friday, December 28th will be paid a dividend of 0.06 per share on Friday, December 28th. This represents a $0.24 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Thursday, December 13th.

Shares of TSE:CJR.B traded up C$0.13 during trading on Friday, hitting C$5.01. 604,911 shares of the company’s stock were exchanged, compared to its average volume of 642,951. Corus Entertainment has a 52-week low of C$6.93 and a 52-week high of C$14.10.

Several analysts recently issued reports on the company. National Bank Financial increased their target price on Corus Entertainment from C$4.75 to C$5.50 and gave the stock a “sector perform” rating in a research report on Monday, October 22nd. CIBC upgraded Corus Entertainment from a “neutral” rating to an “outperform” rating in a research report on Monday, October 22nd. Finally, TD Securities upgraded Corus Entertainment from a “hold” rating to a “buy” rating and set a C$6.50 target price for the company in a research report on Tuesday, September 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$6.14.

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Corus Entertainment Company Profile

Corus Entertainment Inc is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services.

See Also: What is a Derivative?

Dividend History for Corus Entertainment (TSE:CJR.B)

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