Cogeco Communications Inc. (CCA) to Issue Quarterly Dividend of $1.01 on November 25th

Cogeco Communications Inc. (TSE:CCA) declared a quarterly dividend on Tuesday, November 10th. Investors of record on Wednesday, November 25th will be given a dividend of $1.0070 per share on Wednesday, November 25th. This represents a $4.03 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 2.0% increase from Cogeco Communications’s previous quarterly dividend of $0.9870.

Cogeco Communications Price Performance

Shares of CCA stock opened at C$55.20 on Friday. The stock has a 50-day moving average price of C$54.76 and a 200 day moving average price of C$62.94. The company has a quick ratio of 0.49, a current ratio of 0.59 and a debt-to-equity ratio of 229.76. The firm has a market cap of C$2.32 billion, a price-to-earnings ratio of -2.10, a PEG ratio of 4.77 and a beta of 0.95. Cogeco Communications has a 12 month low of C$48.18 and a 12 month high of C$77.40.

Cogeco Communications (TSE:CCA) last released its earnings results on Thursday, October 29th. The company reported C$2.05 earnings per share (EPS) for the quarter. Cogeco Communications had a negative net margin of 39.55% and a negative return on equity of 43.35%. The company had revenue of C$695.49 million for the quarter. Research analysts expect that Cogeco Communications will post 8.49 EPS for the current year.

Cogeco Communications Company Profile

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.