Rogers Communication, Inc. (RCI) to Issue Quarterly Dividend of C$0.50 on July 6th

Rogers Communication, Inc. (NYSE:RCIGet Free Report) (TSE:RCI.B) announced a quarterly dividend on Tuesday, April 21st. Stockholders of record on Tuesday, June 9th will be given a dividend of 0.50 per share by the Wireless communications provider on Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Tuesday, June 9th.

Rogers Communication has decreased its dividend by an average of 0.0%annually over the last three years. Rogers Communication has a payout ratio of 40.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Rogers Communication to earn $3.59 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 40.7%.

Rogers Communication Stock Down 0.9%

RCI stock traded down $0.32 during trading on Thursday, reaching $37.16. The stock had a trading volume of 922,146 shares, compared to its average volume of 1,250,330. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $20.07 billion, a price-to-earnings ratio of 4.02, a P/E/G ratio of 5.69 and a beta of 0.72. Rogers Communication has a one year low of $24.67 and a one year high of $41.14. The company’s 50 day moving average is $37.50 and its two-hundred day moving average is $37.41.

Rogers Communication (NYSE:RCIGet Free Report) (TSE:RCI.B) last posted its earnings results on Thursday, January 29th. The Wireless communications provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.10. The company had revenue of $4.49 billion during the quarter, compared to analyst estimates of $5.94 billion. Rogers Communication had a net margin of 32.29% and a return on equity of 14.22%. Rogers Communication’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. Equities research analysts forecast that Rogers Communication will post 3.56 EPS for the current year.

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Rogers Communication Company Profile

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Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.

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Dividend History for Rogers Communication (NYSE:RCI)

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