Cogeco Inc. (TSE:CGO - Get Free Report) declared a quarterly dividend on Friday, April 12th, Zacks reports. Shareholders of record on Thursday, April 25th will be given a dividend of 0.854 per share on Thursday, May 9th. This represents a $3.42 annualized dividend and a yield of 6.36%. The ex-dividend date is Wednesday, April 24th.
Cogeco Price Performance
Shares of TSE:CGO traded up C$0.17 during trading on Monday, reaching C$53.68. The company had a trading volume of 8,674 shares, compared to its average volume of 22,133. The firm's fifty day moving average is C$56.51 and its 200 day moving average is C$54.20. The company has a debt-to-equity ratio of 137.99, a quick ratio of 0.51 and a current ratio of 0.63. The firm has a market capitalization of C$431.59 million, a PE ratio of 13.25, a price-to-earnings-growth ratio of -0.28 and a beta of 0.26. Cogeco has a twelve month low of C$44.62 and a twelve month high of C$62.49.
Cogeco (TSE:CGO - Get Free Report) last released its earnings results on Thursday, April 11th. The company reported C$2.33 earnings per share for the quarter. Cogeco had a return on equity of 9.44% and a net margin of 2.06%. The firm had revenue of C$751.91 million during the quarter. On average, equities analysts forecast that Cogeco will post 10.1988848 EPS for the current year.
Analysts Set New Price Targets
Separately, TD Securities decreased their target price on Cogeco from C$110.00 to C$106.00 and set a "buy" rating for the company in a research note on Monday, April 15th.
Read Our Latest Research Report on CGO
About Cogeco
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Cogeco Inc, through its subsidiaries, operates in the communications and media sectors in Canada and the United States. The company operates in two segments, Canadian Telecommunications and American Telecommunications. It provides a range of Internet, video, and phone services through advanced fibre optic and two-way telecommunications distribution networks primarily to residential customers, as well as business services under the Cogeco Connexion name in Quebec and Ontario; and Breezeline brand in the United States.
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