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

Rogers Communications Inc. (TSE:RCI.B) (NYSE:RCI) declared a quarterly dividend on Monday, September 9th, TickerTech reports. Shareholders of record on Thursday, October 3rd will be paid a dividend of 0.50 per share on Thursday, October 3rd. This represents a $2.00 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Monday, September 9th.

Rogers Communications Stock Performance

TSE RCI.B opened at C$55.50 on Friday. The company has a debt-to-equity ratio of 436.50, a current ratio of 0.65 and a quick ratio of 0.58. The company has a fifty day moving average price of C$52.90 and a 200-day moving average price of C$54.23. Rogers Communications has a 1 year low of C$48.67 and a 1 year high of C$64.71. The firm has a market cap of C$23.40 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 0.92 and a beta of 0.62.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Cormark decreased their price objective on shares of Rogers Communications from C$74.00 to C$72.00 in a research note on Thursday, July 25th. JPMorgan Chase & Co. decreased their price target on Rogers Communications from C$80.00 to C$69.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. TD Securities cut their price objective on Rogers Communications from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research report on Monday, July 22nd. Royal Bank of Canada decreased their target price on Rogers Communications from C$67.00 to C$65.00 and set an “outperform” rating for the company in a research report on Tuesday, July 9th. Finally, Canaccord Genuity Group downgraded shares of Rogers Communications from a “buy” rating to a “hold” rating and cut their price target for the stock from C$59.00 to C$57.00 in a report on Thursday, July 25th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$69.29.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.