Canaccord Genuity Group lowered shares of Rogers Communications (TSE:RCI – Free Report) from a strong-buy rating to a hold rating in a research note published on Thursday, Zacks.com reports.
Rogers Communications Stock Performance
Rogers Communications (TSE:RCI – Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported C$0.99 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.98 by C$0.01. The company had revenue of C$4.90 billion for the quarter, compared to the consensus estimate of C$4.94 billion.
Rogers Communications Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of ∞.
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