Rogers Communications (TSE:RCI.A) Share Price Passes Above 50-Day Moving Average – Here’s Why

Shares of Rogers Communications Inc. (TSE:RCI.A) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$51.89 and traded as high as C$52.98. Rogers Communications shares last traded at C$52.98, with a volume of 1,529 shares trading hands.

Rogers Communications Stock Down 0.1%

The business’s 50 day moving average is C$51.89 and its 200 day moving average is C$47.04. The company has a quick ratio of 0.58, a current ratio of 0.65 and a debt-to-equity ratio of 436.50. The company has a market cap of C$28.62 billion, a P/E ratio of 4.25, a P/E/G ratio of 0.95 and a beta of 0.79.

Rogers Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, October 3rd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, September 8th. Rogers Communications’s dividend payout ratio is 16.04%.

About Rogers Communications

Rogers is the largest wireless service provider in Canada, with its more than 10 million subscribers equating to one third of the total Canadian market. Rogers’ wireless business accounted for 60% of the company’s total sales in 2021 and has increasingly provided a bigger portion of total company sales over the last several years.