Shaw Communications to Issue Monthly Dividend of $0.08 (SJR)

Shaw Communications (NYSE:SJR) (TSE:SJR.B) declared a monthly dividend on Tuesday, January 16th, Wall Street Journal reports. Investors of record on Friday, April 13th will be paid a dividend of 0.0795 per share on Friday, April 27th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Thursday, April 12th.

Shaw Communications has decreased its dividend by an average of 2.7% per year over the last three years. Shaw Communications has a dividend payout ratio of 125.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Shaw Communications to earn $1.08 per share next year, which means the company may not be able to cover its $1.19 annual dividend with an expected future payout ratio of 110.2%.

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Shares of SJR stock opened at $19.15 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. Shaw Communications has a twelve month low of $18.50 and a twelve month high of $23.44. The company has a market capitalization of $9,706.06, a P/E ratio of 21.35, a P/E/G ratio of 4.13 and a beta of 0.93.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings data on Thursday, January 11th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.06). Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business posted $0.18 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. research analysts forecast that Shaw Communications will post 0.94 EPS for the current year.

A number of research analysts recently weighed in on SJR shares. Canaccord Genuity set a $28.00 price objective on Shaw Communications and gave the company a “hold” rating in a research note on Thursday, January 11th. TD Securities raised Shaw Communications to a “buy” rating in a research note on Friday, January 12th. Finally, Zacks Investment Research downgraded Shaw Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Shaw Communications currently has a consensus rating of “Hold” and a consensus target price of $27.00.

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Shaw Communications Company Profile

Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.

Dividend History for Shaw Communications (NYSE:SJR)

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