Shaw Communications Inc (SJR.B) to Issue Monthly Dividend of $0.10

Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) declared a monthly dividend on Wednesday, February 14th, TickerTech reports. Investors of record on Tuesday, February 27th will be given a dividend of 0.0988 per share on Tuesday, February 27th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Wednesday, February 14th.

Shaw Communications (TSE:SJR.B) traded up C$0.14 during trading on Friday, hitting C$25.83. 197,705 shares of the company were exchanged, compared to its average volume of 1,190,000. Shaw Communications has a 52 week low of C$25.35 and a 52 week high of C$30.44. The firm has a market cap of $12,960.00, a P/E ratio of 22.08 and a beta of 0.53.

A number of brokerages have commented on SJR.B. TD Securities boosted their price target on shares of Shaw Communications from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Scotiabank decreased their price target on shares of Shaw Communications from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Friday, January 12th. CIBC decreased their price target on shares of Shaw Communications from C$31.00 to C$28.00 in a research note on Friday, January 12th. Desjardins decreased their price target on shares of Shaw Communications from C$30.50 to C$30.00 in a research note on Friday, January 12th. Finally, Royal Bank of Canada decreased their price target on shares of Shaw Communications from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research note on Friday, January 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Shaw Communications currently has a consensus rating of “Hold” and a consensus price target of C$29.11.

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About Shaw Communications

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.

Dividend History for Shaw Communications (TSE:SJR.B)

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