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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

Comment by wizthewizon Jan 13, 2023 9:30am
128 Views
Post# 35220718

RE:RE:Will they cut the dividend?

RE:RE:Will they cut the dividend?The short interest is <3%--that's not that large and they would all have to cover--which will not likely happen--to create any major problems. CJR will trade in this range until there is something material that arises to move the SP. The yield at 10% is still the same C$0.24 annual payout so as long as they can cover it with a reasonable % of FCF, there will be time for a rebound. The market is likely already expecting a dividend cut so it is likely already priced in. That is not to say the SP will not decline when/if they do it, but that would just be an opportunity to trade. I'd like them to cut the dividend and use the proceeds to pay down debt. They also need to use their advertising know-how to better explain how they intend to proceed in the next few years to asuage the share holders a little.
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