Corus Entertainment Inc. Plans Quarterly Dividend of $0.06 (TSE:CJR.B)

Corus Entertainment Inc. (TSE:CJR.B) declared a quarterly dividend on Thursday, June 13th, TickerTech reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.06 per share on Friday, June 28th. This represents a $0.24 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Thursday, June 13th.

Shares of TSE:CJR.B traded up C$0.01 during midday trading on Friday, hitting C$6.53. 562,903 shares of the stock traded hands, compared to its average volume of 642,951. Corus Entertainment has a one year low of C$6.93 and a one year high of C$14.10.

A number of research firms recently issued reports on CJR.B. National Bank Financial increased their price target on shares of Corus Entertainment from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Royal Bank of Canada increased their price target on shares of Corus Entertainment from C$7.50 to C$8.00 in a research note on Monday, April 8th. Desjardins increased their price target on shares of Corus Entertainment from C$6.75 to C$7.25 in a research note on Monday, April 8th. TD Securities increased their price target on shares of Corus Entertainment from C$10.00 to C$11.00 and gave the stock an “action list buy” rating in a research note on Monday, April 8th. Finally, BMO Capital Markets increased their price target on shares of Corus Entertainment from C$6.00 to C$7.00 and gave the stock a “market perform” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of C$7.91.

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Corus Entertainment Company Profile

Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates through two segments, Television and Radio. The Television segment operates 44 specialty television networks and 15 conventional television stations.

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Dividend History for Corus Entertainment (TSE:CJR.B)

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