Shaw Communications Inc. (NYSE:SJR) Plans Monthly Dividend of $0.08

Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) announced a monthly dividend on Friday, January 14th, Wall Street Journal reports. Shareholders of record on Thursday, April 14th will be given a dividend of 0.0789 per share on Thursday, April 28th. This represents a $0.95 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Wednesday, April 13th.

Shaw Communications has increased its dividend payment by 3.4% over the last three years and has increased its dividend annually for the last 1 consecutive years. Shaw Communications has a payout ratio of 74.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Shaw Communications to earn $1.28 per share next year, which means the company should continue to be able to cover its $0.93 annual dividend with an expected future payout ratio of 72.7%.

SJR opened at $30.17 on Friday. Shaw Communications has a fifty-two week low of $17.06 and a fifty-two week high of $30.66. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.81 and a quick ratio of 0.75. The firm’s fifty day moving average price is $29.51 and its two-hundred day moving average price is $29.18. The company has a market capitalization of $14.38 billion, a P/E ratio of 18.74 and a beta of 0.68.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings results on Wednesday, January 12th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.10. Shaw Communications had a net margin of 18.48% and a return on equity of 17.03%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company earned $0.24 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that Shaw Communications will post 1.26 EPS for the current fiscal year.

Separately, Royal Bank of Canada upgraded shares of Shaw Communications from a “sector perform” rating to an “outperform” rating in a research note on Monday, November 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $38.13.

A hedge fund recently bought a new stake in Shaw Communications stock. LPL Financial LLC acquired a new position in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 34,064 shares of the company’s stock, valued at approximately $989,000. 55.70% of the stock is currently owned by hedge funds and other institutional investors.

About Shaw Communications

Shaw Communications, Inc engages in the provision of cable telecommunications and satellite video services. The company was founded by James Robert Shaw on December 9, 1966 and is headquartered in Calgary, Canada.

Recommended Story: How Do I Invest in Dividend Stocks

Dividend History for Shaw Communications (NYSE:SJR)

Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with MarketBeat.com's FREE daily email newsletter.