Rogers Communications Inc. - RCI STOCK NEWS

Rogers Communications partners with Comcast to introduce award-winning Xfinity products to Canadians, offering simplified entertainment viewing, 10G internet, storm-ready WiFi, and innovative smart home technology. The deal aims to enhance connectivity, convenience, and security for Rogers customers across Canada.

Rogers Communications Inc. declared a Quarterly Dividend of 50 cents per share on both its Class B Non-Voting and Class A Voting shares. The dividend will be paid on July 5, 2024, to shareholders of record on June 10, 2024. Shareholders can choose to reinvest cash dividends in additional Class B Shares at a 2% discount from the Average Market Price. The detailed terms of the Dividend Reinvestment Plan are available on the company's website and through the Plan agent.

Rogers Communications Inc. reported impressive first-quarter 2024 results, showcasing nine consecutive quarters of industry-leading growth. The company reaffirmed its 2024 financial guidance and saw significant increases in postpaid mobile phone and retail internet net adds. Rogers also achieved remarkable growth in cable and wireless services, with total service revenue up by 31% and adjusted EBITDA up by 34%. The company exceeded its synergy savings targets, demonstrated strong financial performance, and introduced innovative technologies like 5G network slicing and Rogers 5G Wireless Home Internet service.

The Curling Group, backed by elite international curlers, is set to take over ownership of the Grand Slam of Curling from Sportsnet, with Sportsnet remaining the exclusive Canadian broadcaster. The new venture aims to elevate professional curling, enhance fan engagement, and expand the sport globally. The partnership promises to deliver a reimagined, premium experience for athletes, sponsors, and fans, with a focus on growth and innovation in the sport.

Rogers Communications Inc. plans to release its first quarter 2024 financial results on April 24, 2024, before the North American financial markets open. The management will host a teleconference to discuss the results and outlook at 8:00 a.m. ET. The Annual and Special Meeting of Shareholders will be held on the same day, both in-person and online.

Rogers Communications Inc. (RCI) released its 2023 annual report to shareholders, including audited financial statements, MD&A, and a sustainability report. The report is available online and in print. The company will hold its Annual and Special Meeting of Shareholders in April 2024.

Rogers Communications Inc. (RCI) has priced a public offering of two series of US dollar senior notes with an aggregate principal amount of US$2.5 billion. The net proceeds will be approximately US$2.46 billion, which RCI plans to use to repay certain outstanding indebtedness, including borrowings used to fund its acquisition of Shaw Communications Inc. The sale of the Notes is expected to close on February 9, 2024. The Notes will be issued pursuant to a prospectus supplement and accompanying prospectus filed with the SEC as part of an effective shelf registration statement on Form F-10.

Rogers Communications Inc. declares a quarterly dividend totaling 50 cents per share on each of its outstanding Class B Non-Voting shares and Class A Voting shares. The Quarterly Dividend will be paid on April 3, 2024, to shareholders of record on March 11, 2024. Shareholders can elect to have cash dividends reinvested in additional Class B Shares at a 2% discount from the Average Market Price.

Rogers Communications Inc. reports record 2023 results driven by a strong execution on Shaw acquisition and industry-leading performance. The service revenue was $16.8 billion, up 27%, with adjusted EBITDA of $8.6 billion, up 34%, and free cash flow of $2.4 billion, up 36%. The company ended the year with 11.6 million wireless customers and 4.2 million retail Internet customers. Q4 results reflect industry-leading growth in Wireless and Cable operations, with total service revenue up 30% and adjusted EBITDA up 39%. The company also launched transformative firsts in technology for Canadians, including agreements for satellite-to-mobile coverage with SpaceX and Lynk Global, satellite-connected wildfire sensors and AI cameras connected to Rogers' 5G network for early wildfire detection, and essential 5G cellular connectivity on Highway 16 in B.C. The company also substantially reduced its debt leverage ratio to 4.7 times at year-end, down over half a turn on synergy cost reductions, earnings growth, proceeds from asset sales, and commencing the payback of acquisition-related debt. The company delivered on 2023 financial guidance with 2024 guidance targets robust growth, including total service revenue growth range of 8% to 10%, adjusted EBITDA growth range of 12% to 15%, capital expenditures of $3.8 billion to $4.0 billion, and free cash flow of $2.9 billion to $3.1 billion, compared to $2.4 billion in 2023.