Cogeco Inc. (TSE:CGO – Get Free Report) announced a quarterly dividend on Monday, November 4th, Zacks reports. Investors of record on Thursday, November 14th will be paid a dividend of 0.922 per share on Thursday, November 28th. This represents a $3.69 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date is Thursday, November 14th. This is an increase from Cogeco’s previous quarterly dividend of $0.85.
Cogeco Stock Down 1.1 %
TSE:CGO traded down C$0.66 during trading hours on Wednesday, reaching C$61.30. 5,178 shares of the stock were exchanged, compared to its average volume of 20,074. The company has a debt-to-equity ratio of 151.56, a current ratio of 0.44 and a quick ratio of 0.51. Cogeco has a twelve month low of C$44.62 and a twelve month high of C$62.88. The stock has a market cap of C$484.88 million, a PE ratio of 7.33, a PEG ratio of -0.28 and a beta of 0.34. The firm has a 50 day moving average of C$58.16 and a 200 day moving average of C$54.08.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. CIBC reduced their price objective on shares of Cogeco from C$69.00 to C$67.00 in a research note on Monday. Canaccord Genuity Group raised Cogeco from a “hold” rating to a “buy” rating and increased their price target for the company from C$65.00 to C$77.00 in a research report on Monday. Finally, TD Securities upped their price objective on Cogeco from C$99.00 to C$104.00 in a research note on Monday.
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.
Recommended Stories
- Five stocks we like better than Cogeco
- What is a Special Dividend?
- What a Trump Win Looks Like for The Market Now and Into 2025
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Russell 2000 Surge Post-Election: How to Play the Small-Cap Pop
- How is Compound Interest Calculated?
- Macro Headwinds Send Microchip Technology Stock to the Buy Zone
Receive News & Ratings for Cogeco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco and related companies with MarketBeat.com's FREE daily email newsletter.
