Highlights

• Cogeco Inc. declared a quarterly Dividend of C$1.007 per share with its fiscal 2026 results on 28 October.

• The new payment is 2.0% above the C$0.987 quarterly rate that shareholders received through fiscal 2026.

• Four payments with ex-dates in the trailing year total C$3.948, an 8.51% Yield on the C$46.39 close.

• Annualising the new C$1.007 rate gives C$4.028 a year and an indicated yield of 8.68%.

Cogeco Inc. (TSX:CGO) closed fiscal 2026 with a mixed set of numbers and a familiar gesture: another dividend increase. The holding company, which controls the cable and internet operator Cogeco Communications, lifted its quarterly payout even as it booked a multibillion-dollar Impairment and guided to lower Revenue for the year ahead.

Cogeco Inc. and Cogeco Communications each declare their own dividends, and the two are easy to confuse. This review covers only the parent, whose shares trade separately.

The dividend decision

With results released on 28 October 2026, the board declared a quarterly dividend of C$1.007 per share, up 2.0% from C$0.987 a year earlier. In cash terms, the increase adds two cents per share each quarter, or eight cents a year, lifting the full-year payout to C$4.028 per share from C$3.948.

Throughout fiscal 2026, the company paid C$0.987 each quarter. Those payments went ex-dividend on 12 November 2025, 28 January, 23 April and 29 July 2026, and were paid on 26 November, 11 February, 7 May and 12 August.

Yields on the latest close

All four C$0.987 payments sit inside the window from 12 November 2025 to 11 November 2026, giving a trailing total of C$3.948. On the C$46.39 close of 27 October 2026, that equals a trailing yield of 8.51%. That price is the close of 27 October, the day before the results.

Applying the new C$1.007 rate four times gives C$4.028 a year and an indicated yield of 8.68%. An earlier data set showed a C$49.05 price and a 7.65% trailing yield; the share price has since fallen, which pushes both measures higher. Both yields assume the dividend continues at its declared level, and neither includes any special payment, since none was made in the window.

Fiscal 2026 in numbers

Revenue for the year to 31 August 2026 fell 4.0% to C$2,886.7 million, and adjusted EBITDA slipped 3.8% to C$1,398.1 million. The company reported a net loss attributable to owners of C$340.5 million, driven by an asset impairment of C$2,254.6 million, while adjusted profit attributable to owners rose 8.5% to C$99.0 million.

Fourth-quarter profit was C$81.5 million, of which C$18.0 million was attributable to owners. Excluding the impairment and other adjustments, the year's Underlying Profit improved, a contrast with the headline loss.

The year ahead

Guidance for fiscal 2027, on a constant-currency basis, points to a low to mid single-digit decline in revenue and a mid to high single-digit drop in adjusted EBITDA. Free Cash Flow is projected at C$505 million to C$555 million, the pool from which dividends are ultimately funded. Net Capital Expenditure is guided at C$430 million to C$480 million, and the outlook assumes an Exchange Rate of 1.3865 Canadian dollars per U.S. dollar.

The company has described conditions in the United States, where it runs broadband operations under the Breezeline brand, as challenging.