Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) declared a monthly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders of record on Monday, January 15th will be given a dividend of 0.0781 per share on Tuesday, January 30th. This represents a $0.94 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Thursday, January 11th.
Shaw Communications has decreased its dividend payment by an average of 2.7% annually over the last three years. Shaw Communications has a payout ratio of 93.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Shaw Communications to earn $1.08 per share next year, which means the company should continue to be able to cover its $0.95 annual dividend with an expected future payout ratio of 88.0%.
Shaw Communications (NYSE:SJR) opened at $21.72 on Wednesday. Shaw Communications has a 52 week low of $20.13 and a 52 week high of $23.44. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. The company has a market cap of $10,377.21, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 4.59 and a beta of 0.95.
A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. TD Securities upgraded shares of Shaw Communications to a “buy” rating in a research report on Friday, January 12th. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Monday, October 2nd. Barclays raised their price target on shares of Shaw Communications from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Finally, Canaccord Genuity set a $28.00 price target on shares of Shaw Communications and gave the stock a “hold” rating in a research report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $27.00.
Shaw Communications Company Profile
Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.
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