Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) declared a monthly dividend on Monday, January 14th, TickerTech reports. Stockholders of record on Wednesday, January 30th will be given a dividend of 0.0988 per share on Wednesday, January 30th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Monday, January 14th.
Shaw Communications stock opened at C$25.63 on Wednesday. Shaw Communications has a one year low of C$24.31 and a one year high of C$30.44.
Several research firms recently issued reports on SJR.B. National Bank Financial dropped their price objective on Shaw Communications from C$28.00 to C$27.00 and set a “sector perform” rating for the company in a research note on Friday, September 21st. Cormark lifted their price objective on Shaw Communications from C$30.25 to C$31.00 in a research note on Friday, October 26th. BMO Capital Markets dropped their price objective on Shaw Communications from C$28.00 to C$27.00 in a research note on Friday, October 26th. CIBC lifted their price objective on Shaw Communications from C$30.00 to C$31.00 in a research note on Friday, October 26th. Finally, TD Securities lifted their price objective on Shaw Communications from C$32.00 to C$33.00 and gave the company an “action list buy” rating in a research note on Friday, October 26th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Shaw Communications currently has a consensus rating of “Buy” and an average target price of C$30.10.
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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.
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