Shaw Communications Inc (NYSE:SJR) to Issue $0.08 Dividend

Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) declared a dividend on Thursday, June 27th, NASDAQ reports. Investors of record on Friday, September 13th will be paid a dividend of 0.075 per share on Friday, September 27th. The ex-dividend date of this dividend is Thursday, September 12th.

Shaw Communications has decreased its dividend payment by an average of 1.2% per year over the last three years and has increased its dividend annually for the last 2 consecutive years.

NYSE:SJR traded up $0.17 during mid-day trading on Tuesday, reaching $20.04. 206,624 shares of the company were exchanged, compared to its average volume of 317,997. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.65. The stock has a market cap of $9.80 billion, a PE ratio of 16.98, a PEG ratio of 3.62 and a beta of 0.73. Shaw Communications has a 12 month low of $17.50 and a 12 month high of $21.08. The company has a fifty day moving average of $19.38 and a 200 day moving average of $20.14.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its earnings results on Thursday, June 27th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.34 billion. Shaw Communications had a net margin of 14.42% and a return on equity of 12.54%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.18) earnings per share. On average, equities research analysts anticipate that Shaw Communications will post 1.1 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. TheStreet downgraded Shaw Communications from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. Desjardins reiterated a “buy” rating on shares of Shaw Communications in a report on Friday, June 28th. BMO Capital Markets reiterated a “hold” rating and issued a $28.00 price objective on shares of Shaw Communications in a research report on Monday. Finally, Canaccord Genuity raised Shaw Communications from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $27.00.

Shaw Communications Company Profile

Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.

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Dividend History for Shaw Communications (NYSE:SJR)

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