Scotiabank Downgrades Rogers Communications (TSE:RCI) to Hold

Scotiabank lowered shares of Rogers Communications (TSE:RCIFree Report) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

Separately, Barclays lowered Rogers Communications from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

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Rogers Communications Price Performance

Rogers Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of ?.

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