Rogers Communications Declares 50 Cents per Share Quarterly Dividend

Rhea-AI Summary

Rogers Communications Inc. (RCI) declares a 50 cents per share quarterly dividend for its Class B Non-Voting and Class A Voting shares, payable on January 2, 2024, to shareholders of record on December 8, 2023. Shareholders can opt to reinvest cash dividends in additional Class B Shares at a 2% discount from the Average Market Price under the Amended and Restated Dividend Reinvestment Plan.

January 2, 2024 payment date following December 8, 2023 record date

TORONTO, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (“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 January 2, 2024 to shareholders of record on December 8, 2023. 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 agent at www.tsxtrust.com or by e-mail at shareholderinquiries@tmx.com. In addition, a copy of the Plan is available under our 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 the Company's 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 amount declared by Rogers Communications Inc. (RCI)?

Rogers Communications Inc. (RCI) declared a quarterly dividend totaling 50 cents per share on each of its outstanding Class B Non-Voting shares and Class A Voting shares.

When will the dividend be paid to shareholders?

The dividend will be paid on January 2, 2024, to shareholders of record on December 8, 2023.

Can shareholders reinvest cash dividends in additional Class B Shares?

Yes, shareholders can elect to have cash dividends reinvested in additional Class B Shares at a 2% discount from the Average Market Price under the Amended and Restated Dividend Reinvestment Plan.

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

Shareholders can find more information about the Plan at www.investors.rogers.com, www.tsxtrust.com, or by e-mail at shareholderinquiries@tmx.com.

Is there a registration statement related to the Plan?

Yes, a registration statement on Form F-3D relating to the Plan has been filed with the U.S. Securities and Exchange Commission (SEC) and may be obtained under the Company's profile on the SEC's website at www.sec.gov.