Rogers Communications Declares 50 Cents per Share Quarterly Dividend

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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.

July 5, 2024 payment date following June 10, 2024 record date

TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) (“Rogers”) announced that its Board of Directors declared a quarterly dividend totaling 50 cents per share (the “Quarterly Dividend”) on each of its outstanding Class B Non-Voting shares (“Class B Shares”) and Class A Voting shares.

The Quarterly Dividend will be paid on July 5, 2024 to shareholders of record on June 10, 2024. Quarterly dividends are only payable as and when declared by Rogers’ Board and there is no entitlement to any dividend prior thereto.

Shareholders may elect to have cash dividends on their shares reinvested in additional Class B Shares in accordance with Rogers’ Amended and Restated Dividend Reinvestment Plan (the “Plan”). Under the Plan, Rogers’ Board determines whether the additional Class B Shares will be purchased on the open market or issued by Rogers from treasury. The Plan permits, at the Board’s discretion, a small discount when shares are issued from treasury under the Plan. In connection with the Quarterly Dividend, Class B Shares will be issued by Rogers under the Plan from treasury at a 2% discount from the Average Market Price (as defined in the Plan).

A copy of the Plan describing the terms and conditions applicable to the Plan is available at www.investors.rogers.com or from the Plan agent at www.tsxtrust.com or by e-mail at shareholderinquiries@tmx.com. In addition, a copy of the Plan is available under Rogers’ profile at www.sedarplus.ca. A registration statement on Form F-3D relating to the Plan (File No. 333-170234) has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and may be obtained under Rogers’ profile on the SEC's website at www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Rogers Communications Inc:
Rogers is Canada’s leading wireless, cable and media company that provides connectivity and entertainment to Canadian consumers and businesses across the country. Rogers shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For more information, please visit: rogers.com or investors.rogers.com.

For further information:
Investor Relations
1-844-801-4792
investor.relations@rci.rogers.com

FAQ

What is the dividend declared by Rogers Communications Inc. per share?

Rogers Communications Inc, declared a Quarterly Dividend of 50 cents per share on its Class B Non-Voting and Class A Voting shares.

When will the Quarterly Dividend be paid?

The Quarterly Dividend will be paid on July 5, 2024, to shareholders of record on June 10, 2024.

Can shareholders reinvest cash dividends in additional Class B Shares?

Yes, shareholders can elect to reinvest cash dividends in additional Class B Shares at a 2% discount from the Average Market Price.

Where can shareholders find detailed information about the Dividend Reinvestment Plan?

Detailed information about the Dividend Reinvestment Plan can be found on the company's website at www.investors.rogers.com or through the Plan agent at www.tsxtrust.com or by e-mail at shareholderinquiries@tmx.com.