Rogers Communication, Inc. (RCI) to Distribute Quarterly Dividend of C$0.50 on October 2nd

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) announced a quarterly dividend on Wednesday, July 22nd. Stockholders 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) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Tuesday, September 8th.

Rogers Communication has decreased its dividend by an average of 0.0%per year over the last three years. Rogers Communication has a payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rogers Communication to earn $3.36 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 42.9%.

Rogers Communication Stock Down 1.3%

RCI stock opened at $37.50 on Friday. The stock’s 50 day simple moving average is $34.62 and its 200 day simple moving average is $36.31. The company has a market cap of $20.26 billion, a P/E ratio of 4.53, a price-to-earnings-growth ratio of 4.66 and a beta of 0.66. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.55. Rogers Communication has a fifty-two week low of $31.38 and a fifty-two week high of $41.14.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Wednesday, July 22nd. The Wireless communications provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.80 by $0.03. Rogers Communication had a return on equity of 11.56% and a net margin of 27.54%.The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, research analysts expect that Rogers Communication will post 3.29 earnings per share for the current fiscal year.

Rogers Communication Company Profile

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.