Dividend Report: $0.07 dividends are now a reality for Shaw Communications Inc. (NYSE:SJR) shareholders. Here’s why.

Dividend Report: $0.07 dividends are now a reality for Shaw Communications Inc. (NYSE:SJR) shareholders. Here's why.

Shaw Communications Inc. (NYSE:SJR) is expected to pay $0.07 on Nov 29, 2016. The indicated annual dividend is $0.88. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Shaw Communications Inc.’s current price of $20.22, the dividend is 0.37%. This dividend’s record date is Nov 15, 2016 and the announcement date is Jul 4, 2016. The stock increased 2.07% or $0.41 during the last trading session, hitting $20.22. Shaw Communications Inc (USA) (NYSE:SJR) has risen 7.61% since April 7, 2016 and is uptrending. It has outperformed by 2.83% the S&P500.

Shaw Communications Inc. is a communication company. The company has a market cap of $10.07 billion. The Company’s operating divisions are Consumer, Business Network Services, Business Infrastructure Services and Media. It has a 30.65 P/E ratio. The Consumer division provides cable telecommunications services, including video, Internet, wireless fidelity (WiFi) and digital phone, and satellite video to Canadian consumers.

Shaw Communications Inc (USA) (NYSE:SJR) Ratings Coverage

Out of 3 analysts covering Shaw Comms (NYSE:SJR), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Shaw Comms has been the topic of 5 analyst reports since October 20, 2015 according to StockzIntelligence Inc. As per Tuesday, October 20, the company rating was upgraded by Macquarie Research. The firm has “Equal Weight” rating by Barclays Capital given on Friday, October 23. RBC Capital Markets maintained the shares of SJR in a report on Friday, October 23 with “Sector Perform” rating. On Tuesday, April 5 the stock rating was initiated by Barclays Capital with “Equal-Weight”. On Thursday, December 17 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

More notable recent Shaw Communications Inc (USA) (NYSE:SJR) news were published by: Fool.ca which released: “Shaw Communications Inc. Will Disrupt the Moats of the Big 3 Canadian Telecoms” on November 01, 2016, also Fool.ca with their article: “Shaw Communications Inc.: A Monthly Dividend Stock With Big Upside Potential?” published on August 11, 2016, Fool.ca published: “How Shaw Communications Inc. Is Changing Wireless” on September 13, 2016. More interesting news about Shaw Communications Inc (USA) (NYSE:SJR) were released by: Fool.ca and their article: “Is Shaw Communications Inc. a Smart Buy?” published on August 31, 2016 as well as Fool.ca‘s news article titled: “Why Shaw Communications Inc. Is Unlike Any Other Telecom” with publication date: August 20, 2016.

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