Cogeco is the second-largest operator of cable and broadband systems in Ontario and Quebec and the eighth largest in the US with operations in 13 states. It boasts 1.6 million subscribers and offers wireless services in most of its US operating territories. Through Cogeco Media, it also owns 21 radio stations in Canada, primarily in Quebec. With majority voting control by the founding Audet family, any potential transaction would require their approval, and an attempted takeover in 2019 was rejected.
Income Investor
Cogeco has delivered steady performance during an operationally challenging period for cable and telecoms companies. Its Breezeline US operations, which represent approximately 50% of its revenues, give it growth potential. Combined with its move into mobile phones through becoming an MVNO operator, Cogeco offers a relatively high and sustainable dividend with the prospect of some growth in operational earnings. Cogeco is for investors looking for a relatively high and sustainable dividend which has been consistently increased, with the possibility of moderate growth in revenues from its move into mobile and its US operations. - Gavin Graham
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CGO was first recommended here on April 24, 2025