Rogers Communication, Inc. (RCI) To Go Ex-Dividend on December 8th

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) declared a quarterly dividend on Thursday, March 6th. Investors of record on Monday, December 8th will be paid a dividend of 0.50 per share by the Wireless communications provider on Friday, January 2nd. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Monday, December 8th. This is a 36.2% increase from Rogers Communication’s previous quarterly dividend of $0.37.

Rogers Communication has decreased its dividend payment by an average of 0.0%per year over the last three years. Rogers Communication has a payout ratio of 40.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Rogers Communication to earn $3.83 per share next year, which means the company should continue to be able to cover its $1.43 annual dividend with an expected future payout ratio of 37.3%.

Rogers Communication Stock Up 0.1%

Shares of Rogers Communication stock opened at $37.58 on Friday. The stock has a market cap of $20.30 billion, a price-to-earnings ratio of 4.18, a price-to-earnings-growth ratio of 3.47 and a beta of 0.74. The company has a fifty day moving average price of $37.63 and a 200 day moving average price of $34.05. Rogers Communication has a twelve month low of $23.18 and a twelve month high of $40.26. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 1.55.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.07. Rogers Communication had a net margin of 32.49% and a return on equity of 17.14%. The company had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $5.33 billion. During the same quarter in the previous year, the firm earned $1.42 EPS. The company’s revenue was up 4.3% on a year-over-year basis. Equities research analysts forecast that Rogers Communication will post 3.57 earnings per share for the current fiscal year.

Rogers Communication Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.