Cogeco Inc. (CGO) To Go Ex-Dividend on November 14th

Cogeco Inc. (TSE:CGO) declared a quarterly dividend on Monday, November 4th, Zacks reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.922 per share on Thursday, November 28th. This represents a $3.69 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Cogeco’s previous quarterly dividend of $0.85.

Cogeco Stock Performance

CGO stock traded down C$0.66 on Wednesday, reaching C$61.30. 5,178 shares of the company were exchanged, compared to its average volume of 20,074. The firm has a market capitalization of C$484.88 million, a PE ratio of 7.33, a PEG ratio of -0.28 and a beta of 0.34. Cogeco has a 12 month low of C$44.62 and a 12 month high of C$62.88. The stock’s fifty day moving average price is C$58.16 and its 200 day moving average price is C$54.08. The company has a debt-to-equity ratio of 151.56, a current ratio of 0.44 and a quick ratio of 0.51.

Wall Street Analysts Forecast Growth

CGO has been the topic of a number of analyst reports. Canaccord Genuity Group raised shares of Cogeco from a “hold” rating to a “buy” rating and upped their target price for the company from C$65.00 to C$77.00 in a research note on Monday. CIBC lowered their price objective on Cogeco from C$69.00 to C$67.00 in a research note on Monday. Finally, TD Securities raised their target price on Cogeco from C$99.00 to C$104.00 in a research report on Monday.

About Cogeco

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.