Rogers Communications Inc. (TSE:RCI.A – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$58.47 and traded as low as C$57.90. Rogers Communications shares last traded at C$58.03, with a volume of 2,398 shares traded.
Analyst Ratings Changes
Separately, Morgan Stanley raised their price objective on shares of Rogers Communications from C$64.00 to C$65.00 and gave the stock an “equal weight” rating in a research note on Monday, July 24th.
Rogers Communications Price Performance
Rogers Communications Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, October 3rd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.00 annualized dividend and a yield of 3.41%. Rogers Communications’s dividend payout ratio (DPR) is presently 99.50%.
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.
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