Board Increases Annualized Dividend 11% to $1.58 Effective Immediately;
Quarterly Dividend of 39.5 Cents per Share Declared by Board Reflects
Newly Established $1.58 per Share Annualized Dividend Payout Level
TORONTO, Feb. 22, 2012 /CNW/ - Rogers Communications Inc. ("Rogers")
announced that its Board of Directors has approved an 11% increase to
the annualized dividend rate from $1.42 to $1.58 per Class A Voting and
Class B Non-Voting share. Effective immediately, the new quarterly
dividend rate will be 39.5 cents per share.
Following the approval of the dividend increase, the Rogers Board
declared a 39.5 cents quarterly dividend on each of its outstanding
Class A Voting shares and Class B Non-Voting shares. This quarterly
dividend will be paid on April 2, 2012 to shareholders of record on
March 19, 2012, and is the first quarterly dividend to reflect the
newly increased $1.58 per share annualized dividend level. Such
quarterly dividends are only payable as and when declared by Rogers'
Board and there is no entitlement to any dividend prior thereto.
About the Company:
Rogers Communications is a diversified Canadian communications and media
company. We are engaged in wireless voice and data communications
services through Wireless, Canada's largest wireless provider. Through
Cable, we are one of Canada's leading providers of cable television
services as well as high-speed Internet access and telephony services
to consumers and businesses. Through Media, we are engaged in radio and
television broadcasting, televised shopping, sports entertainment, and
magazines and trade publications. We are publicly traded on the Toronto
Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock
Exchange (NYSE: RCI). For further information about the Rogers group of
companies, please visit www.rogers.com.
SOURCE Rogers Communications Inc.
For further information:
Bruce M. Mann, (416) 935-3532, firstname.lastname@example.org;
Dan Coombes, (416) 935-3550, email@example.com