Rogers Communications Inc.
RCICommunication Services · Stock · quarterly payer
Forward Yield
4.34%
Annual Dividend
$1.42
Payout Ratio
18%
5-Yr Growth
-1.2%
Ex-Date
Sep 8, 2026
Frequency
Quarterly
Summary
As of July 2026, Rogers Communications Inc. (RCI) yields 4.34% ($1.42 per share annually), with a blended fair-value estimate of $39.91 — +22% upside, so it screens as undervalued. Dividend safety grade: C (57/100).
Is RCI a good dividend stock?
MixedRogers Communications Inc. (RCI) pays a quarterly dividend yielding 4.34% ($1.42/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (18%)
Risks
- Cut its dividend in 2023
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.34%
- Payout Ratio
- 18%
- Annual Dividend
- $1.42
- 5-Yr Avg Growth
- -1.2%
- Ex-Dividend Date
- Sep 8, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.79
- Market Cap
- $17.7B
- P/E Ratio
- 4.0
- 5-Yr Total Return
- -36%
- 52-Week Range
- $31.38 – $41.14
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
RCI Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
-20%
5 Years
-36%
52-Week Range
$31.38 – $41.14
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RCI worth?
Undervaluedlow confidenceOur blended fair-value estimate for Rogers Communications Inc. is $39.91 per share, versus a market price of $32.73. That implies 22% of upside — a margin of safety of about 18%.
Fair Value
$39.91
Current Price
$32.73
Upside
+22%
Margin of Safety
18%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 18.8% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $8.09 EPS, $1.42 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RCI Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 9, 2026 | — | $0.3580 | regular |
| Mar 10, 2026 | — | $0.3680 | regular |
| Sep 8, 2025 | — | $0.3620 | regular |
| Jun 9, 2025 | — | $0.3650 | regular |
| Mar 10, 2025 | — | $0.3480 | regular |
| Dec 9, 2024 | — | $0.3530 | regular |
| Sep 9, 2024 | — | $0.3680 | regular |
| Jun 10, 2024 | — | $0.3630 | regular |
| Mar 8, 2024 | — | $0.3720 | regular |
| Dec 7, 2023 | — | $0.3680 | regular |
| Sep 7, 2023 | — | $0.3670 | regular |
| Jun 8, 2023 | — | $0.3740 | regular |
| Mar 9, 2023 | — | $0.3620 | regular |
| Dec 8, 2022 | — | $0.3660 | regular |
Income Calculator
At $1.42 / yr per share
