Rogers Communication, Inc. (NYSE:RCI – Get Free Report) (TSE:RCI.B) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Tuesday, September 8th will be paid a dividend of 0.50 per share by the Wireless communications provider on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 8th.
Rogers Communication has decreased its dividend payment by an average of 0.0%annually over the last three years. Rogers Communication has a payout ratio of 40.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Rogers Communication to earn $3.47 per share next year, which means the company should continue to be able to cover its $1.45 annual dividend with an expected future payout ratio of 41.8%.
Rogers Communication Price Performance
Rogers Communication stock opened at $32.92 on Thursday. The firm has a market capitalization of $17.78 billion, a P/E ratio of 3.47, a PEG ratio of 4.17 and a beta of 0.64. Rogers Communication has a one year low of $31.38 and a one year high of $41.14. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.55 and a quick ratio of 0.53. The business has a fifty day moving average price of $35.71 and a 200-day moving average price of $36.63.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on RCI shares. Scotiabank reiterated an “outperform” rating on shares of Rogers Communication in a research report on Tuesday, July 7th. Raymond James Financial began coverage on Rogers Communication in a report on Wednesday, July 15th. They issued an “outperform” rating on the stock. Barclays lowered their target price on Rogers Communication from $37.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, July 16th. TD Securities cut Rogers Communication from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Desjardins restated a “hold” rating on shares of Rogers Communication in a research report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Rogers Communication has a consensus rating of “Hold” and a consensus target price of $36.00.
Check Out Our Latest Stock Report on Rogers Communication
About Rogers Communication
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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