Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) announced a monthly dividend on Friday, June 29th, Wall Street Journal reports. Stockholders of record on Friday, September 14th will be given a dividend of 0.0743 per share on Thursday, September 27th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Thursday, September 13th.

Shaw Communications Inc Class B has decreased its dividend by an average of 2.7% per year over the last three years. Shaw Communications Inc Class B has a payout ratio of 138.4% indicating that 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 Inc Class B to earn $1.04 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 114.4%.

NYSE:SJR opened at $19.02 on Friday. The company has a market cap of $9.26 billion, a PE ratio of 16.66, a P/E/G ratio of 3.70 and a beta of 0.97. Shaw Communications Inc Class B has a fifty-two week low of $18.50 and a fifty-two week high of $23.44. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 0.74.

Shaw Communications Inc Class B (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings data on Thursday, June 28th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. Shaw Communications Inc Class B had a return on equity of 12.18% and a net margin of 6.71%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. sell-side analysts anticipate that Shaw Communications Inc Class B will post 0.86 earnings per share for the current year.

A number of analysts have recently weighed in on SJR shares. TheStreet lowered Shaw Communications Inc Class B from a “b-” rating to a “c” rating in a research note on Friday, May 18th. CIBC raised Shaw Communications Inc Class B from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, June 6th. ValuEngine lowered Shaw Communications Inc Class B from a “hold” rating to a “sell” rating in a research note on Thursday, June 28th. Zacks Investment Research lowered Shaw Communications Inc Class B from a “hold” rating to a “sell” rating in a research note on Saturday, June 30th. Finally, BMO Capital Markets set a $28.00 price objective on Shaw Communications Inc Class B and gave the company a “hold” rating in a research note on Monday, July 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Shaw Communications Inc Class B presently has an average rating of “Hold” and a consensus price target of $27.20.

About Shaw Communications Inc Class B

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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Dividend History for Shaw Communications Inc Class B (NYSE:SJR)

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