Rogers Communications Inc. (RCI) Announces Quarterly Dividend of $0.42
Rogers Communications (NYSE:RCI) declared a quarterly dividend on Friday, August 15th, American Banking & Market News reports. Investors of record on Friday, September 12th will be given a dividend of 0.4189 per share on Wednesday, October 1st. This represents a $1.68 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Wednesday, September 10th.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Rogers Communications in a research note on Friday, July 25th. They now have a $45.00 price target on the stock, up previously from $44.00. On the ratings front, analysts at Barclays reiterated an “equal weight” rating on shares of Rogers Communications in a research note on Friday, July 25th. They now have a $39.00 price target on the stock, down previously from $42.00. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Rogers Communications in a research note on Thursday, July 17th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $42.00.
Shares of Rogers Communications (NYSE:RCI) traded down 0.13% during mid-day trading on Friday, hitting $39.70. The stock had a trading volume of 166,797 shares. Rogers Communications has a 52-week low of $37.00 and a 52-week high of $46.10. The stock’s 50-day moving average is $39.37 and its 200-day moving average is $39.9. The company has a market cap of $20.435 billion and a price-to-earnings ratio of 15.20.
Rogers Communications (NYSE:RCI) last released its earnings data on Thursday, July 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.03. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that Rogers Communications will post $3.11 EPS for the current fiscal year.
Rogers Communications Inc (NYSE:RCI) is a diversified public communications and media company.
Receive News & Ratings for Rogers Communications Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Communications Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.