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

Cogeco Inc. (TSE:CGO) declared a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.922 per share on Thursday, November 28th. This represents a $3.69 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Cogeco’s previous quarterly dividend of $0.85.

Cogeco Price Performance

CGO stock opened at C$62.74 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.44 and a debt-to-equity ratio of 151.56. Cogeco has a 52-week low of C$44.62 and a 52-week high of C$63.15. The stock’s 50 day moving average is C$58.62 and its two-hundred day moving average is C$54.25. The company has a market capitalization of C$496.27 million, a PE ratio of 7.48, a P/E/G ratio of -0.28 and a beta of 0.34.

Analyst Ratings Changes

CGO has been the subject of a number of analyst reports. TD Securities boosted their price objective on Cogeco from C$99.00 to C$104.00 in a research report on Monday, November 4th. CIBC reduced their price target on Cogeco from C$69.00 to C$67.00 in a research report on Monday, November 4th. Finally, Canaccord Genuity Group upgraded Cogeco from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$65.00 to C$77.00 in a research report on Monday, November 4th.

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.