Rogers Communication, Inc. Declares Quarterly Dividend of $0.48 (NYSE:RCI)

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) declared a quarterly dividend on Thursday, October 19th, RTT News reports. Investors of record on Monday, December 11th will be given a dividend of 0.48 per share by the Wireless communications provider on Tuesday, January 2nd. This represents a $1.92 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Friday, December 8th.

Rogers Communication has decreased its dividend payment by an average of 4.6% annually over the last three years. Rogers Communication has a dividend payout ratio of 70.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Rogers Communication to earn $3.08 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 62.3%.

Rogers Communication (NYSE RCI) traded up 0.53% during trading on Friday, hitting $52.69. 231,640 shares of the company traded hands. The company’s 50 day moving average is $52.41 and its 200-day moving average is $49.34. Rogers Communication has a 52 week low of $37.03 and a 52 week high of $54.24. The stock has a market capitalization of $27.13 billion, a PE ratio of 31.86 and a beta of 0.86.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, October 19th. The Wireless communications provider reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.19). Rogers Communication had a return on equity of 30.40% and a net margin of 9.20%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts predict that Rogers Communication will post $2.73 earnings per share for the current year.

RCI has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on Rogers Communication from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Rogers Communication from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub upgraded Rogers Communication from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Barclays PLC boosted their target price on Rogers Communication from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, October 20th. Finally, TheStreet upgraded Rogers Communication from a “c+” rating to a “b” rating in a research note on Thursday, October 19th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Rogers Communication presently has a consensus rating of “Buy” and an average price target of $61.00.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/28/rogers-communication-inc-declares-quarterly-dividend-of-0-48-rci.html.

Rogers Communication Company Profile

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

Dividend History for Rogers Communication (NYSE:RCI)

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

Leave a Reply