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

Rogers Communications Inc. (TSE:RCI.A) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$56.09 and traded as low as C$53.25. Rogers Communications shares last traded at C$53.25, with a volume of 751 shares.

Rogers Communications Price Performance

The business has a fifty day moving average of C$56.09 and a 200-day moving average of C$56.24. The firm has a market cap of C$5.92 billion, a PE ratio of 32.67, a PEG ratio of 0.95 and a beta of 0.62. The company has a current ratio of 0.65, a quick ratio of 0.58 and a debt-to-equity ratio of 436.50.

Rogers Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, October 3rd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.76%. The ex-dividend date was Monday, September 9th. Rogers Communications’s dividend payout ratio is presently 122.70%.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.