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.
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.
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