Rogers Communications Inc. (TSE:RCI.A) Declares Quarterly Dividend of $0.50

Key Points

• Rogers Communications Inc. has declared a quarterly dividend of $0.50 per share for investors of record on October 3rd, representing a yield of 3.8%.
• The company's stock opened at C$52.00 and has a market capitalization of C$28.09 billion, with a price-to-earnings ratio of 18.64.
• As the largest wireless service provider in Canada, Rogers holds over 10 million subscribers, accounting for one third of the Canadian market, and the wireless business contributes to 60% of total sales.

Rogers Communications Inc. (TSE:RCI.A - Get Free Report) announced a quarterly dividend on Monday, September 8th, TickerTech Dividends reports. Stockholders of record on Friday, October 3rd will be given a dividend of 0.50 per share on Friday, October 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, September 8th.

Rogers Communications Price Performance

TSE:RCI.A traded down C$0.05 during mid-day trading on Tuesday, reaching C$50.78. 2,091 shares of the stock were exchanged, compared to its average volume of 2,457. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50. The business has a fifty day moving average price of C$49.60 and a 200 day moving average price of C$44.25. Rogers Communications has a 1-year low of C$38.01 and a 1-year high of C$59.00. The firm has a market capitalization of C$27.43 billion, a PE ratio of 18.20, a PEG ratio of 0.95 and a beta of 0.89.

About Rogers Communications

Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers' wireless business accounted for 60% of the company's total sales in 2021 and has increasingly provided a bigger portion of total company sales over the last several years.