Shaw Communications Inc (TSE:SJR.B) (NYSE:SJR) announced a monthly dividend on Thursday, April 12th, TickerTech reports. Shareholders of record on Friday, April 27th will be given a dividend of 0.0988 per share on Friday, April 27th. This represents a $1.19 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Thursday, April 12th.
TSE:SJR.B traded up C$0.07 during trading hours on Friday, reaching C$24.95. The stock had a trading volume of 1,850,000 shares, compared to its average volume of 1,000,000. Shaw Communications has a 12-month low of C$24.31 and a 12-month high of C$30.44.
A number of analysts have issued reports on the company. National Bank Financial decreased their target price on Shaw Communications from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Friday, January 12th. CIBC decreased their target price on Shaw Communications from C$31.00 to C$28.00 in a research report on Friday, January 12th. Desjardins decreased their target price on Shaw Communications from C$30.50 to C$30.00 in a research report on Friday, January 12th. Royal Bank of Canada cut their price target on Shaw Communications from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Friday, January 12th. Finally, TD Securities raised Shaw Communications from a “buy” rating to an “action list buy” rating and set a C$34.00 price target for the company in a report on Friday, January 12th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$29.63.
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About Shaw Communications
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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