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Cogeco Communications (CGEAF) is a telecom service provider in Canada and the US, specifically in rural and suburban geographies.It offers wireline services such as broadband internet, TV, and landline phone services. In Canada, the firm operates under its Cogeco Connexion and oxio brands, reaching roughly 2.1 million homes and businesses throughout Ontario and Quebec.In the US, Cogeco operates under its Breezeline brand throughout the East Coast, Pennsylvania, and Ohio, reaching 1.8 million homes and businesses.Cogeco is expanding its offerings to include consumer wireless services, operating as a mobile virtual network operator, or MVNO.The company was formerly known as Cogeco Cable Inc. and changed its name to Cogeco Communications Inc. in January 2016.Cogeco Communications Inc. was founded in 1957 and is headquartered in Montreal, Canada.Cogeco Communications Inc. is a subsidiary of Cogeco Inc.Three key data points gauge Cogeco or any dividend paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three keys also best tell whether any company has made, is making, and will make money.
CGEAF PriceShare price fell about xx% in the past year from $45.17 to $42.00, as of Friday’s market close.In the past 3 years the company’s share price has ranged from $37.15 to $91.08. (Its all-time high of $98.62 was reached September 2, 2020.The company may repeat its average two years of annual past performance and its price could grow by $2.13 next year to $44.13.
CGEAF Dividend
CGEAF has paid variable quarterly dividends since November, 2004. The company’s most recent Q dividend of $0.64 was declared January 13th for shareholders of record prior to January 27th and the payout is due February 10th. A forward looking annual dividend of $2.56 yields 6.10% per Friday’s closing price.
CGEAF ReturnsPutting it all together, a $4.69 estimated gross gain per share shows up by adding CGEAF’s annual $2.56 dividend to the estimated $2.13 annual price gain, totaling that $4.69 gross amount.A little over $1000 buys 24 shares at Friday’s $42.00 share price.A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.42 per share out of the $4.69 gross-gain to give us a net gain of $4.27 X 24 shares = $102.48 for about a 10% estimated net gain on the year.Furthermore, the $61.00 annual dividend income from $1k invested in CGEAF is near 1.5 times greater than the single-share price. By these numbers, CGEAF may be an ideal dividend dog.Therefore, you may choose to pounce on Cogeco Communications as a 72 year-old quarterly dividend paying landline company with a 21 year dividend record.The exact track of Cogeco Communications future price and dividend will entirely be determined by market action and company finances.Remember the best way to track stock performance and dividend payments is through direct ownership of company sharesMore By This Author:Current Report: Viatris Inc
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