Cogeco Communications Inc (TSE:CCA) declared a quarterly dividend on Tuesday, January 23rd, TickerTech reports. Investors of record on Wednesday, February 7th will be paid a dividend of 0.475 per share on Wednesday, February 7th. This represents a $1.90 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Tuesday, January 23rd.

Shares of Cogeco Communications (CCA) traded down C$0.51 during trading on Thursday, reaching C$77.48. 93,732 shares of the company were exchanged, compared to its average volume of 85,624. The company has a market cap of $3,850.00, a PE ratio of 12.81 and a beta of 0.71. Cogeco Communications has a 52 week low of C$68.69 and a 52 week high of C$95.21.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings results on Wednesday, January 10th. The company reported C$1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.52 by C$0.02. Cogeco Communications had a net margin of 12.93% and a return on equity of 18.11%.

A number of equities analysts recently issued reports on CCA shares. BMO Capital Markets reiterated a “market perform” rating and issued a C$94.00 price target on shares of Cogeco Communications in a research note on Monday, November 6th. Canaccord Genuity lowered shares of Cogeco Communications from a “buy” rating to a “hold” rating and upped their price target for the company from C$89.00 to C$93.00 in a research report on Monday, November 6th. TD Securities raised shares of Cogeco Communications from a “reduce” rating to a “hold” rating and set a C$87.00 price target for the company in a research report on Thursday, December 21st. Scotiabank reaffirmed an “outperform” rating and set a C$102.00 price target on shares of Cogeco Communications in a research report on Monday, November 6th. Finally, National Bank Financial upped their price target on shares of Cogeco Communications from C$92.00 to C$96.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$88.95.

COPYRIGHT VIOLATION WARNING: “Cogeco Communications Inc Plans Quarterly Dividend of $0.48 (CCA)” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.watchlistnews.com/cogeco-communications-inc-plans-quarterly-dividend-of-0-48-cca/1812296.html.

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)

Receive News & Ratings for Cogeco Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco Communications and related companies with MarketBeat.com's FREE daily email newsletter.