Cogeco Inc. (TSE:CGO) to Issue Quarterly Dividend of $0.85

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

Cogeco Stock Performance

CGO stock opened at C$53.68 on Tuesday. The business’s 50-day moving average price is C$56.51 and its two-hundred day moving average price is C$54.20. The company has a current ratio of 0.63, a quick ratio of 0.51 and a debt-to-equity ratio of 137.99. The firm has a market cap of C$431.59 million, a PE ratio of 13.25, a P/E/G ratio of -0.28 and a beta of 0.26. Cogeco has a 1-year low of C$44.62 and a 1-year high of C$62.49.

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

Analyst Upgrades and Downgrades

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

Cogeco Company Profile

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.