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Corus Entertainment Inc. T.CJR.B

Alternate Symbol(s):  CJREF

Corus Entertainment Inc. is a Canada-based diversified, integrated media and content company that develops and delivers brands and content across platforms. The Company operates in two segments: Television and Radio. The Television segment is comprised of over 33 television networks, approximately 15 conventional television stations, digital media assets, a social digital agency, a social media creator network, technology and media services, and content business, which includes the production and distribution of films and television programs, merchandise licensing, and book publishing. The Radio segment is comprised of around 39 radio stations situated primarily in high-growth urban centres in English Canada, with a concentration in the densely populated area of Southern Ontario. The Company's primary method of distribution is over-the-air, analogue radio transmission, with additional delivery platforms including HD radio, websites, mobile applications and podcasts.


TSX:CJR.B - Post by User

Bullboard Posts
Comment by BlueHorseshoe02on Jul 06, 2019 4:53pm
60 Views
Post# 29892544

RE:Dividend increase coming. 5x forward PE/2x cashflow

RE:Dividend increase coming. 5x forward PE/2x cashflowOnce leverage is below 2.5x so maybe 6 months more (2 more quarterlies).....even if they keep payin it down to 2x thatd be good too.

They are paying out less than 15% of cashflow (more like 11-12%), and a little over 20% of earnings even with the non-cash amortization of tv channels.

Banks are paying out 50% of earnings/cashflow with a similar 4% divvy and banks trade at 10-14x earnings to CJR 5x
Bullboard Posts