Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) declared a monthly dividend on Thursday, February 14th, TickerTech reports. Investors of record on Wednesday, February 27th will be paid a dividend of 0.0988 per share on Wednesday, February 27th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Thursday, February 14th.
Shares of TSE:SJR.B traded up C$0.20 during midday trading on Friday, reaching C$27.23. 615,480 shares of the company were exchanged, compared to its average volume of 1,000,000. The company has a debt-to-equity ratio of 88.07, a quick ratio of 0.55 and a current ratio of 0.71. Shaw Communications has a one year low of C$24.31 and a one year high of C$30.44. The firm has a market cap of $13.13 billion and a price-to-earnings ratio of 111.60.
SJR.B has been the subject of a number of research reports. CIBC upped their target price on shares of Shaw Communications from C$30.00 to C$31.00 in a research report on Friday, October 26th. BMO Capital Markets dropped their target price on shares of Shaw Communications from C$28.00 to C$27.00 in a research report on Friday, October 26th. Cormark increased their price objective on shares of Shaw Communications from C$30.25 to C$31.00 in a research report on Friday, October 26th. TD Securities set a C$34.00 price objective on shares of Shaw Communications and gave the company an “action list buy” rating in a research report on Monday, January 7th. Finally, Royal Bank of Canada increased their price objective on shares of Shaw Communications from C$29.00 to C$30.00 in a research report on Tuesday, January 15th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Shaw Communications presently has an average rating of “Buy” and a consensus target price of C$30.65.
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Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.
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