Rogers Communications Plans Quarterly Dividend of $0.42 (RCI)
Rogers Communications (NYSE:RCI) announced a quarterly dividend on Friday, October 25th, ARN reports. Stockholders of record on Friday, December 13th will be paid a dividend of $0.4222 per share on Thursday, January 2nd. This represents a $1.69 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Wednesday, December 11th.
A number of analysts have recently weighed in on RCI shares. Analysts at Canaccord Genuity downgraded shares of Rogers Communications from a “buy” rating to a “hold” rating in a research note to investors on Friday. On the ratings front, analysts at Macquarie downgraded shares of Rogers Communications from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Rogers Communications in a research note to investors on Friday, September 27th. They now have a $46.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Rogers Communications presently has a consensus rating of “Hold” and a consensus target price of $49.00.
Rogers Communications (NYSE:RCI) traded up 1.80% on Friday, hitting $44.74. 624,773 shares of the company’s stock traded hands. Rogers Communications has a 1-year low of $38.32 and a 1-year high of $51.98. The stock has a 50-day moving average of $40.28 and a 200-day moving average of $44.86. The company has a market cap of $23.030 billion and a P/E ratio of 11.84.
Rogers Communications (NYSE:RCI) last released its earnings data on Thursday, October 24th. The company reported $0.97 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.97. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the company posted $0.90 earnings per share. Rogers Communications’s revenue was up 1.5% compared to the same quarter last year.
Rogers Communications Inc (NYSE:RCI) is a diversified public Canadian communications and media company.
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