Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) announced a monthly dividend on Friday, October 11th, TickerTech reports. Shareholders of record on Wednesday, October 30th will be given a dividend of 0.0988 per share on Wednesday, October 30th. This represents a $1.19 annualized dividend and a yield of 4.56%. The ex-dividend date is Friday, October 11th.
Shares of Shaw Communications stock traded up C$0.01 on Wednesday, reaching C$26.00. 192,081 shares of the company were exchanged, compared to its average volume of 1,000,000. Shaw Communications has a one year low of C$23.82 and a one year high of C$28.10. The company has a market capitalization of $12.79 billion and a price-to-earnings ratio of 16.96. The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 85.76. The company has a 50-day moving average of C$26.07 and a 200 day moving average of C$26.81.
A number of research analysts recently weighed in on SJR.B shares. Citigroup decreased their target price on Shaw Communications from C$24.00 to C$23.00 in a report on Friday, June 28th. TD Securities decreased their target price on Shaw Communications from C$33.00 to C$32.00 and set an “action list buy” rating on the stock in a report on Friday, June 28th. Finally, BMO Capital Markets decreased their target price on Shaw Communications from C$29.00 to C$28.00 in a report on Monday, September 9th.
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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