Cogeco Communications Inc (CCA) Declares Quarterly Dividend of $0.43

Cogeco Communications Inc (TSE:CCA) declared a quarterly dividend on Tuesday, July 25th, TickerTech reports. Stockholders of record on Thursday, August 10th will be paid a dividend of 0.43 per share on Thursday, August 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Tuesday, July 25th.

Cogeco Communications (TSE CCA) opened at 90.71 on Friday. The firm has a market capitalization of $4.47 billion and a P/E ratio of 14.83. The stock’s 50 day moving average price is $86.27 and its 200-day moving average price is $77.93. Cogeco Communications has a 12 month low of $60.62 and a 12 month high of $92.31.

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In related news, insider René Guimond sold 900 shares of the firm’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of C$87.44, for a total value of C$78,696.00. Also, insider Elizabeth Alves sold 996 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of C$87.05, for a total transaction of C$86,701.80. Insiders sold a total of 2,096 shares of company stock valued at $183,087 over the last quarter.

Several equities analysts have recently weighed in on CCA shares. TD Securities raised their price objective on Cogeco Communications from C$80.00 to C$83.00 and gave the company a “reduce” rating in a report on Tuesday, July 18th. BMO Capital Markets raised their price objective on Cogeco Communications from C$82.00 to C$84.00 and gave the company a “market perform” rating in a report on Monday, July 17th. Barclays PLC raised their price objective on Cogeco Communications from C$75.00 to C$80.00 in a report on Monday, July 17th. Scotiabank raised their price objective on Cogeco Communications from C$83.00 to C$95.00 and gave the company an “outperform” rating in a report on Tuesday, July 11th. Finally, Desjardins cut Cogeco Communications from a “buy” rating to a “hold” rating and raised their price objective for the company from C$79.00 to C$87.50 in a report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$82.50.

About Cogeco Communications

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

Dividend History for Cogeco Communications (TSE:CCA)

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