Shaw Communications Inc (SJR) Announces Monthly Dividend of $0.08

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.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. equities research analysts predict that Shaw Communications will post 0.95 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by BBNS and is the sole property of of BBNS. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://baseballnewssource.com/markets/shaw-communications-inc-sjr-to-go-ex-dividend-on-january-11th/1822030.html.

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.

Dividend History for Shaw Communications (NYSE:SJR)

Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.