Rogers Communications Announces Q3 2023 Results and Dividend Declaration
Rogers Communications Inc. 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 January 2, 2024, to shareholders of record on December 8, 2023. Shareholders also have the option to reinvest their cash dividends in additional Class B Shares through Rogers' Dividend Reinvestment Plan. The Plan allows for a small discount when shares are issued from treasury. Shareholders can access the full terms and conditions of the Plan on Rogers' website or through the agent's website. Rogers Communications is a leading wireless, cable, and media company in Canada, providing connectivity and entertainment to consumers and businesses nationwide.
Dividend Reinvestment Plan and Share Issuance
Under Rogers' Dividend Reinvestment Plan, additional Class B Shares will be issued from treasury at a 2% discount from the Average Market Price. Shareholders can find more information about the Plan on Rogers' website or through the agent's website. The Plan is designed to provide shareholders with the option to reinvest their dividends and potentially increase their ownership in the company.
About Rogers Communications Inc.
Rogers Communications Inc. is a leading Canadian wireless, cable, and media company. It offers connectivity and entertainment services to consumers and businesses across the country. Rogers shares are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and the New York Stock Exchange (NYSE: RCI). For more information about the company, please visit the Rogers website or the investor relations page.
For further information or investor inquiries, please contact the Investor Relations team at 1-844-801-4792 or investor.relations@rci.rogers.com.
Hot Take: Impact of Rogers Communications' Q3 Results and Dividend Declaration on New Businesses
The recent announcement of Rogers Communications' Q3 2023 results and dividend declaration offers valuable insights for new businesses, particularly those in the wireless, cable, and media sectors. The company's decision to declare a quarterly dividend and offer a Dividend Reinvestment Plan underscores the importance of shareholder value and reinvestment in the company's growth.
Importance of Dividend Reinvestment Plans
For new businesses, Rogers' Dividend Reinvestment Plan presents an effective strategy for encouraging shareholder loyalty and reinvestment. By offering additional shares at a discount, companies can incentivize shareholders to reinvest their dividends, potentially increasing their ownership and commitment to the company's success.
Lessons in Connectivity and Entertainment
As a leading provider of connectivity and entertainment services, Rogers Communications' strong performance in Q3 2023 serves as a benchmark for new businesses in the same industry. By focusing on delivering high-quality services and maintaining strong shareholder relations, new businesses can strive to replicate Rogers' success and establish themselves as competitive players in the market.
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