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TORONTO - Rogers Communications Inc. (TSX:RCI.A and RCI.B) (NYSE:RCI), a $18.54 billion market cap company, announced Wednesday a quarterly dividend of 50 cents per share on its outstanding Class B Non-Voting shares and Class A Voting shares. The dividend represents an attractive 4.28% yield at current prices.
The dividend will be paid on October 3, 2025, to shareholders of record as of September 8, 2025, according to a company press release. InvestingPro analysis shows the company maintains a GOOD financial health score, supporting its dividend sustainability.
Rogers Communications, which describes itself as Canada’s leading communications and entertainment company with $14.37 billion in revenue, noted that quarterly dividends are payable only when declared by the company’s Board of Directors, with no automatic entitlement prior to declaration.
The company’s shares are traded on both the Toronto Stock Exchange under the symbols RCI.A and RCI.B, and on the New York Stock Exchange under the symbol RCI. Trading at a P/E ratio of 14.78, InvestingPro analysis suggests the stock is currently slightly overvalued relative to its Fair Value.
In other recent news, Rogers Communications has completed the acquisition of BCE’s 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion, making Rogers the largest shareholder with a 75% interest in the organization. Additionally, Blackstone has finalized a CDN$7 billion equity investment in a Rogers subsidiary, acquiring a non-controlling stake in the company’s wireless backhaul transport infrastructure. BMO Capital has raised its price target for Rogers Communications to C$57 from C$55, maintaining an Outperform rating, citing an improved wireless pricing environment. Rogers has also received approval from the Canadian Radio-television and Telecommunications Commission to acquire Bell’s interest in Toronto Raptors Network Ltd, further expanding its ownership in MLSE. Furthermore, Rogers disclosed the results of its recent Annual General Meeting, where all nominated directors were re-elected, indicating a continuation of the company’s current strategic direction. These developments highlight significant changes and investments in Rogers Communications’ operations and ownership structure.
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