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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 Bestarbosson Jan 14, 2023 8:13pm
179 Views
Post# 35223647

RE:RE:RE:RE:RE:RE:RE:Will they cut the dividend?

RE:RE:RE:RE:RE:RE:RE:Will they cut the dividend?Hey puma great points but I just don't agree with your last point of management slashing dividend to 3 cents per quarter at this point they will lose all credit as this would be a second cut to the dividends within a 5 year span which is just ridiculous on their part. Now I completely understand that this year will be a ruff one for Corus with Canadian content spending catch up and ad market taking a decent hit but their leverage is fine and they are well within bank convenants if I'm not mistaken we are currently at 3.38 for the allowable 4.25. Based on their cash flows they can afford paying the dividends even if they only end up reducing debt by a slight amount temporary and understandbly for this year that's ok but it will be a whole lot harder for them finding an excuse for a dividend cut for long term patience shareholders like me . Just my opinion have a great one. Hoping to get your opinion cheers ! 
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