Cormark Analysts Reduce Earnings Estimates for Rogers Communications (TSE:RCI)

Rogers Communications (TSE:RCI) – Investment analysts at Cormark decreased their FY2024 earnings estimates for shares of Rogers Communications in a research note issued to investors on Thursday, July 25th. Cormark analyst D. Mcfadgen now anticipates that the company will post earnings per share of $4.99 for the year, down from their previous forecast of $5.44. Cormark also issued estimates for Rogers Communications’ FY2025 earnings at $5.37 EPS.

Separately, Canaccord Genuity Group lowered Rogers Communications from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 25th.

Rogers Communications Price Performance

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 given a dividend of $0.50 per share. 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 ∞.