Rogers Communications Inc. (RCI) To Go Ex-Dividend on March 10th

Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) announced a quarterly dividend on Friday, January 31st, Wall Street Journal reports. Investors of record on Monday, March 10th will be given a dividend of 0.347 per share by the Wireless communications provider on Wednesday, April 2nd. This represents a $1.39 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date of this dividend is Monday, March 10th.

Rogers Communications has a payout ratio of 39.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Rogers Communications to earn $3.83 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 36.6%.

Rogers Communications Stock Up 0.1 %

RCI opened at $28.38 on Friday. The business’s fifty day moving average is $28.57 and its two-hundred day moving average is $34.26. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 1.43 and a beta of 0.68. Rogers Communications has a one year low of $26.57 and a one year high of $44.38.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. Analysts anticipate that Rogers Communications will post 3.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RCI has been the subject of a number of analyst reports. Barclays reissued an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st. Bank of America lowered Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Finally, Morgan Stanley began coverage on Rogers Communications in a research note on Monday, December 16th. They issued an “underweight” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Rogers Communications currently has an average rating of “Hold” and an average target price of $61.75.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.