Corus Entertainment Inc. T.CJR.B

Alternate Symbol(s): CJREF

Communication Services

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

Corus Entertainment Inc. > Yielding 8 %

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Comment by McRambuson Sep 09, 2022 12:34pm

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RE:Yielding 8 %

RusticHit wrote: Div. Yielding almost 8% now is it safe or is gonna cut half or fully ????

I am also interested in the dividend. Seems to be safe based on cash flow of $88 million latest q. They paid out $12.5 M in dividends so payout ratio is about 15% of CF latest quarter and 22% based on 6 months CF. They also used up $5,8 million in CF last quarter for buyback which can easily be stopped. Question now is, what does future cash flow look like and how long will this donwturn be?

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