Rogers Communications Inc. Announces Quarterly Dividend of $0.50 (TSE:RCI.B)

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) declared a quarterly dividend on Monday, September 9th, TickerTech reports. Stockholders of record on Thursday, October 3rd will be paid a dividend of 0.50 per share on Thursday, October 3rd. This represents a $2.00 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Monday, September 9th.

Rogers Communications Trading Down 0.3 %

Shares of RCI.B stock opened at C$55.50 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The firm has a market capitalization of C$23.40 billion, a P/E ratio of 34.05, a P/E/G ratio of 0.92 and a beta of 0.62. Rogers Communications has a twelve month low of C$48.67 and a twelve month high of C$64.71. The stock’s fifty day simple moving average is C$52.90 and its 200 day simple moving average is C$54.23.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RCI.B. JPMorgan Chase & Co. reduced their price target on Rogers Communications from C$80.00 to C$69.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. TD Securities decreased their price target on shares of Rogers Communications from C$74.00 to C$70.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Cormark reduced their price objective on shares of Rogers Communications from C$74.00 to C$72.00 in a research note on Thursday, July 25th. BMO Capital Markets raised their target price on Rogers Communications from C$65.00 to C$67.00 in a research report on Thursday. Finally, Royal Bank of Canada reduced their price target on Rogers Communications from C$67.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$69.29.

Rogers Communications Company Profile

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.