Rogers Communication, Inc. (NYSE:RCI) to Issue Quarterly Dividend of C$0.50

Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) declared a quarterly dividend on Thursday, January 29th. Investors of record on Tuesday, March 10th will be paid a dividend of 0.50 per share by the Wireless communications provider on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Tuesday, March 10th.

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 40.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Rogers Communication to earn $3.83 per share next year, which means the company should continue to be able to cover its $1.43 annual dividend with an expected future payout ratio of 37.3%.

Rogers Communication Price Performance

NYSE RCI traded up $2.21 during trading on Thursday, hitting $38.50. 2,832,366 shares of the stock traded hands, compared to its average volume of 1,110,184. The company has a quick ratio of 0.59, a current ratio of 0.62 and a debt-to-equity ratio of 1.55. Rogers Communication has a 12-month low of $23.18 and a 12-month high of $40.26. The firm has a 50-day simple moving average of $37.13 and a 200-day simple moving average of $36.30. The company has a market capitalization of $20.80 billion, a P/E ratio of 4.28, a price-to-earnings-growth ratio of 2.76 and a beta of 0.75.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RCI shares. Weiss Ratings restated a “hold (c+)” rating on shares of Rogers Communication in a report on Friday, December 26th. Morgan Stanley reiterated an “underweight” rating on shares of Rogers Communication in a research report on Wednesday, December 10th. Desjardins cut Rogers Communication from a “buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Rogers Communication in a research note on Tuesday, January 13th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Rogers Communication in a report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Rogers Communication has an average rating of “Hold” and an average price target of $36.00.

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.