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Broadband

Cogeco lifts div after higher Q4 boosted by inroads into Florida, stabilised ops in Canada

Thursday 31 October 2019 | 09:47 CET | News
Cogeco Communications has raised its quarterly dividend after reporting higher fourth quarter results, with healthy growth at the American broadband services segment and a stabilisation at Canadian broadband services. CEO Philippe Jette said the company was satisfied with the results and of the company's expansion in the Florida market in particular. Jette said Cogeco will be looking for more acquisitions now that it has finished integrating its recent ones. The company will also be keeping its guidance for fiscal 2020. The dividend will meanwhile increase to CAD 0.58 from 0.525

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Categories: Fixed
Companies: Cogeco Communications
Countries: Canada / United States
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