Shaw Communications Inc (SJR) Declares $0.10 Jan 18 Dividend

Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) declared a jan 18 dividend on Thursday, January 11th, RTT News reports. Stockholders of record on Thursday, March 15th will be paid a dividend of 0.0988 per share on Wednesday, March 28th.

Shaw Communications has decreased its dividend payment by an average of 2.7% annually over the last three years. Shaw Communications has a payout ratio of 93.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Shaw Communications to earn $1.11 per share next year, which means the company should continue to be able to cover its $0.95 annual dividend with an expected future payout ratio of 85.6%.

Shares of Shaw Communications (NYSE SJR) traded down $0.49 on Thursday, hitting $22.25. 912,200 shares of the stock traded hands, compared to its average volume of 596,071. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.80 and a quick ratio of 0.72. Shaw Communications has a 1-year low of $20.13 and a 1-year high of $23.44. The firm has a market capitalization of $10,770.00, a PE ratio of 25.00, a PEG ratio of 4.53 and a beta of 0.96.

Several equities analysts have commented on SJR shares. Zacks Investment Research upgraded shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, September 19th. Scotiabank downgraded Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Barclays raised their target price on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, October 27th. TheStreet upgraded Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Finally, Bank of America reiterated a “neutral” rating and set a $32.00 price objective on shares of Shaw Communications in a research report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Shaw Communications has a consensus rating of “Hold” and a consensus target price of $27.00.

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Shaw Communications Company Profile

Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.

Dividend History for Shaw Communications (NYSE:SJR)

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