Corus Entertainment Inc. (TSE:CJR.B) Announces $0.10 Monthly Dividend

Corus Entertainment Inc. (TSE:CJR.B) announced a monthly dividend on Tuesday, February 13th, TickerTech reports. Stockholders of record on Wednesday, February 28th will be paid a dividend of 0.095 per share on Wednesday, February 28th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 14.09%. The ex-dividend date is Tuesday, February 13th.

Shares of Corus Entertainment (TSE CJR.B) traded down C$0.09 during trading on Thursday, hitting C$8.09. 120,520 shares of the stock were exchanged, compared to its average volume of 1,140,000. Corus Entertainment has a 52-week low of C$7.96 and a 52-week high of C$14.10. The stock has a market capitalization of $1,650.00, a P/E ratio of 8.34 and a beta of -0.02.

A number of equities research analysts recently weighed in on CJR.B shares. Desjardins downgraded shares of Corus Entertainment from a “buy” rating to a “hold” rating and lowered their target price for the company from C$15.00 to C$11.50 in a research note on Thursday, January 11th. Scotiabank lowered their target price on shares of Corus Entertainment from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Sunday, October 22nd. National Bank Financial raised shares of Corus Entertainment from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$12.50 to C$13.00 in a research note on Thursday, October 19th. Barclays lowered their target price on shares of Corus Entertainment from C$11.00 to C$8.00 in a research note on Thursday, January 11th. Finally, TD Securities downgraded shares of Corus Entertainment from a “buy” rating to a “hold” rating and lowered their target price for the company from C$16.00 to C$11.00 in a research note on Thursday, January 11th. Seven analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of C$10.25.

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Corus Entertainment Company Profile

Corus Entertainment Inc is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services.

Dividend History for Corus Entertainment (TSE:CJR.B)

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