Cogeco Communications Inc. (TSE:CCA) Increases Dividend to $0.99 Per Share

Cogeco Communications Inc. (TSE:CCA) announced a quarterly dividend on Wednesday, November 12th, TickerTech Dividends reports. Investors of record on Wednesday, November 26th will be given a dividend of 0.987 per share on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a 7.0% increase from Cogeco Communications’s previous quarterly dividend of $0.92.

Cogeco Communications Price Performance

Cogeco Communications stock opened at C$64.98 on Monday. Cogeco Communications has a 1 year low of C$59.10 and a 1 year high of C$75.09. The company has a debt-to-equity ratio of 159.35, a quick ratio of 0.49 and a current ratio of 0.37. The firm has a 50 day moving average price of C$64.93 and a 200 day moving average price of C$66.24. The company has a market cap of C$2.74 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 4.77 and a beta of 0.58.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CCA. Desjardins reduced their target price on shares of Cogeco Communications from C$173.00 to C$171.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. National Bank Financial downgraded Cogeco Communications from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. BMO Capital Markets reduced their price target on Cogeco Communications from C$75.00 to C$70.00 in a research report on Friday, October 31st. TD Securities lowered their price objective on shares of Cogeco Communications from C$98.00 to C$95.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, National Bankshares cut shares of Cogeco Communications from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$80.00 to C$69.00 in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$87.25.

About Cogeco Communications

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services.