Cogeco Communications Inc. (TSE:CCA) Announces Dividend Increase – $1.01 Per Share

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

Cogeco Communications Stock Down 0.6%

CCA opened at C$55.20 on Friday. The company has a debt-to-equity ratio of 229.76, a current ratio of 0.59 and a quick ratio of 0.49. The company’s 50-day moving average is C$54.76 and its 200 day moving average is C$62.94. Cogeco Communications has a fifty-two week low of C$48.18 and a fifty-two week high of C$77.40. The firm has a market capitalization of C$2.32 billion, a P/E ratio of -2.10, a PEG ratio of 4.77 and a beta of 0.95.

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

About Cogeco Communications

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.