Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) declared a monthly dividend on Friday, October 27th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.0781 per share on Tuesday, February 27th. This represents a $0.94 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Wednesday, February 14th.
Shaw Communications has decreased its dividend by an average of 3.3% per year over the last three years. Shaw Communications has a dividend payout ratio of 113.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Shaw Communications to earn $1.12 per share next year, which means the company may not be able to cover its $1.19 annual dividend with an expected future payout ratio of 106.3%.
Shaw Communications (SJR) traded up $0.06 during trading hours on Friday, reaching $22.81. The company’s stock had a trading volume of 718,700 shares, compared to its average volume of 742,161. Shaw Communications has a 12-month low of $19.02 and a 12-month high of $23.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.80. The firm has a market cap of $10,819.95, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 4.34 and a beta of 0.97.
Several research analysts have issued reports on the company. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Monday, October 2nd. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. BidaskClub cut shares of Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Barclays PLC upped their target price on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $27.00.
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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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