Current Report: Cogeco Might Gain 9.5% This Year

Cogeco Inc (CGECF) was founded by Henri Audet on July 24, 1957, and is headquartered in Montréal, Canada.

The company provides telecommunications and media services.

It operates Canadian Telecommunications and American Telecommunications business segments.

Three key data points gauge Cogeco Inc (or any dividend paying entity):

(1) Price 

(2) Dividends

(3) Returns

Those three keys also indicate if any company has made, is making, and will make money.

CGECF Price

Cogeco Inc’s single share price increased $4.89 (or 11.7%) from $41.77 to $46.66 in the past year, per Thursday’s closing market report.

No analysts cover the stock. So an analyst one year price target is unavailable.

However, the six year price history for CEGCF shows an annual gain of $0.548.

CGECF Dividends

Cogeco has paid variable quarterly  dividends since August 1989. The latest $0.72 Quarterly dividend payable in May suggests  a $2.88 annual dividend total.

CGECF Returns

Putting it all together, as of May 7, a possible annual gross gain of $4.428 per share is predicted by using the $2.88 annual dividend  plus the $0.548 estimated average annual price-gain.

A little over $1000 invested at Thursday’s $46.66 share price would buy 21.43 shares which multiply the $4.428 gross gain to $94.89 for the coming year.

About 66% of that $95 upside gain could come from the $62.90 annual dividend payout from your $1,000 investment.

Furthermore, the $62.90 annual dividend from $1k invested is 1.35 times more than the CGECF  Thursday evening single share price of $46.66.

A dividend dogcatcher rule is to only buy initial shares of a stock that pay an annual dividend (from $1000 invested) that is more than the cost of a single share.

CGECF’s dividend is only 1.35% more than a single share. 

The exact track of Cogeco future share 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 shares.