Corus Entertainment Inc. (CJR.B) Plans Quarterly Dividend of $0.06
Corus Entertainment Inc. (TSE:CJR.B) declared a quarterly dividend on Thursday, December 13th, TickerTech reports. Stockholders of record on Friday, December 28th will be given a dividend of 0.06 per share on Friday, December 28th. This represents a $0.24 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Thursday, December 13th.
TSE:CJR.B traded up C$0.13 during mid-day trading on Friday, reaching C$5.01. The company’s stock had a trading volume of 604,911 shares, compared to its average volume of 642,951. Corus Entertainment has a 12-month low of C$6.93 and a 12-month high of C$14.10.
CJR.B has been the subject of a number of recent analyst reports. TD Securities raised Corus Entertainment from a “hold” rating to a “buy” rating and set a C$6.50 target price for the company in a research report on Tuesday, September 4th. CIBC raised Corus Entertainment from a “neutral” rating to an “outperform” rating in a research report on Monday, October 22nd. Finally, National Bank Financial decreased their target price on Corus Entertainment from C$5.50 to C$4.75 and set a “sector perform” rating for the company in a research report on Monday, September 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Corus Entertainment currently has an average rating of “Hold” and a consensus price target of C$6.14.
Corus Entertainment Inc is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services.
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