Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) announced a monthly dividend on Friday, October 26th, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.0754 per share on Friday, December 28th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Thursday, December 13th.
Shaw Communications has decreased its dividend payment by an average of 2.7% annually over the last three years. Shaw Communications has a dividend payout ratio of 138.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Shaw Communications to earn $1.10 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 108.2%.
NYSE:SJR opened at $18.98 on Friday. The firm has a market capitalization of $9.17 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 3.63 and a beta of 0.96. Shaw Communications has a 1-year low of $18.18 and a 1-year high of $23.44. The company has a current ratio of 0.64, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings data on Thursday, October 25th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Shaw Communications had a net margin of 1.04% and a return on equity of 12.90%. Research analysts predict that Shaw Communications will post 1.04 EPS for the current fiscal year.
SJR has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, September 25th. Canaccord Genuity downgraded shares of Shaw Communications from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Finally, ValuEngine raised shares of Shaw Communications from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.00.
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About Shaw Communications
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.
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