Corus Entertainment Inc. (TSE:CJR.B) to Issue $0.06 Quarterly Dividend
Corus Entertainment Inc. (TSE:CJR.B) declared a quarterly dividend on Friday, September 13th, TickerTech reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.06 per share on Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Friday, September 13th.
Shares of Corus Entertainment stock traded up C$0.04 during trading hours on Thursday, hitting C$5.45. The company had a trading volume of 319,546 shares, compared to its average volume of 642,951. The company’s 50-day moving average is C$5.10 and its two-hundred day moving average is C$6.17. Corus Entertainment has a twelve month low of C$3.76 and a twelve month high of C$8.11. The company has a debt-to-equity ratio of 103.12, a current ratio of 0.97 and a quick ratio of 0.93. The company has a market cap of $1.14 billion and a P/E ratio of 6.95.
CJR.B has been the subject of several research analyst reports. National Bank Financial set a C$8.50 target price on shares of Corus Entertainment and gave the company an “outperform” rating in a report on Monday, June 3rd. BMO Capital Markets lowered their target price on shares of Corus Entertainment from C$7.00 to C$6.50 in a report on Monday. Finally, Cormark lowered their target price on shares of Corus Entertainment from C$8.50 to C$8.25 in a report on Thursday, June 27th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$8.36.
Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates through two segments, Television and Radio. The Television segment operates 44 specialty television networks and 15 conventional television stations.
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