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Corus Entertainment Inc T.CJR.B

Alternate Symbol(s):  CJREF

Corus Entertainment Inc. is a Canada-based media and content company that develops and delivers brands and content across platforms for audiences around the world. The Company's segments include Television and Radio. Its portfolio of multimedia offerings encompasses approximately 32 specialty television services, 37 radio stations, 15 conventional television stations, digital and streaming platforms, and social digital agency and media services. Its brands include Global Television, W Network, Flavour Network and Home Network (launching soon), The HISTORY Channel, Showcase, Adult Swim, National Geographic and Global News, along with streaming platforms STACKTV, TELETOON+, the Global TV App and Curiouscast. It is also the domestic advertising representative and an original content partner for Pluto TV, a Paramount Company, which is the free ad-supported streaming television service. It is an international content creator, producer and distributor through Corus Studios and Nelvana.


TSX:CJR.B - Post by User

Comment by Hillsvilleon May 08, 2022 4:38am
170 Views
Post# 34665163

RE:RE:RE:Share buyback

RE:RE:RE:Share buyback

Buybacks make sense since it'll save on dividend in the long run. If they buy back 50% of shares over a 10 yr period , no. Of shares would reduce by 50% and dividend payment would be reduced by same. L

meanwhile the firm would save approx 5% of dividend obligation each year on the cancelled shares of purchase at current market price.  If the firm decides to increase payout ratio to match the same dividend obligation as of today, dividend per share could double. 

This is the solution to fix the firm's misstepped when the firm has issued excessive shares in acquiring Shaw media's asset back in 2018/19 ( hence, explains the excessive dilution of shares/ EPS ), and the no. Of shares should come down .

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