Rogers Communications Inc. (NYSE:RCI) Announces $0.37 Quarterly Dividend

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) declared a quarterly dividend on Thursday, June 6th, Wall Street Journal reports. Shareholders of record on Monday, September 9th will be paid a dividend of 0.3732 per share by the Wireless communications provider on Tuesday, October 1st. This represents a $1.49 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Friday, September 6th.

Rogers Communications has decreased its dividend payment by an average of 1.3% annually over the last three years and has raised its dividend every year for the last 2 years.

Shares of RCI stock opened at $53.52 on Friday. The company has a market cap of $27.08 billion, a PE ratio of 15.98, a PEG ratio of 3.10 and a beta of 0.57. The firm’s fifty day simple moving average is $52.41. Rogers Communications has a 12 month low of $47.05 and a 12 month high of $55.93. The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 1.77.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings results on Thursday, April 18th. The Wireless communications provider reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. The company had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Rogers Communications had a net margin of 13.47% and a return on equity of 27.28%. Rogers Communications’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. Equities research analysts expect that Rogers Communications will post 3.39 earnings per share for the current year.

Several equities research analysts have recently commented on RCI shares. ValuEngine lowered shares of Rogers Communications from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Royal Bank of Canada reaffirmed a “hold” rating on shares of Rogers Communications in a research report on Tuesday, April 9th. Scotiabank lowered shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, April 22nd. Howard Weil lowered shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, April 22nd. Finally, Scotia Howard Weill reissued a “sector perform” rating on shares of Rogers Communications in a report on Monday, April 22nd. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $54.68.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.

Recommended Story: What is a Reverse Stock Split?

Dividend History for Rogers Communications (NYSE:RCI)

Receive News & Ratings for Rogers Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communications and related companies with MarketBeat.com's FREE daily email newsletter.