Rogers Communications Declares 50 Cents per Share Quarterly Dividend

Rhea-AI Summary

Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) has declared a quarterly dividend of 50 cents per share on its outstanding Class B Non-Voting shares and Class A Voting shares. The dividend will be paid on October 3, 2024 to shareholders of record as of September 9, 2024. Shareholders can opt to reinvest their cash dividends in additional Class B Shares through Rogers' Amended and Restated Dividend Reinvestment Plan. For this quarterly dividend, Class B Shares will be issued from treasury at a 2% discount from the Average Market Price. The Plan details are available on Rogers' investor relations website, the Plan agent's website, and under Rogers' profile on SEDARPLUS and the SEC's website.

Positive

• Consistent quarterly dividend of 50 cents per share
• 2% discount offered on shares issued from treasury under the Dividend Reinvestment Plan
• Option for shareholders to reinvest dividends in additional Class B Shares

Negative

• None.

October 3, 2024 payment date following September 9, 2024 record date

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

The declared Quarterly Dividend will be paid on October 3, 2024 to shareholders of record on September 9, 2024. Such 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 communications and entertainment company and its 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 amount of Rogers Communications' (RCI) quarterly dividend for 2024?

Rogers Communications (RCI) has declared a quarterly dividend of 50 cents per share for both its Class B Non-Voting shares and Class A Voting shares.

When is the payment date for Rogers Communications' (RCI) latest quarterly dividend?

The payment date for Rogers Communications' (RCI) latest quarterly dividend is October 3, 2024.

What is the record date for Rogers Communications' (RCI) Q4 2024 dividend?

The record date for Rogers Communications' (RCI) Q4 2024 dividend is September 9, 2024.

Does Rogers Communications (RCI) offer a dividend reinvestment plan?

Yes, Rogers Communications (RCI) offers an Amended and Restated Dividend Reinvestment Plan that allows shareholders to reinvest their cash dividends in additional Class B Shares.

What discount is offered on shares issued under Rogers Communications' (RCI) dividend reinvestment plan?

For the current quarterly dividend, Rogers Communications (RCI) is offering a 2% discount from the Average Market Price on Class B Shares issued from treasury under the dividend reinvestment plan.