joeyfitzclick said:
Trust me Mr. Rogers can afford this, you should see the cell bill I got from that prick for the four days I was in Toronto last month.
:scared:
On a related note hope you enjoyed my hometown and
Rogers Communications doubles dividend as profits soar
Last Updated: Tuesday, October 31, 2006 | 4:13 PM ET
CBC News
Rogers Communications is boosting its dividend and planning to split its stock after it reported a tripling of its third-quarter profit.
Rogers made $154 million (48 cents a share) in Q3, compared with $48.9 million (16 cents a share) in the same quarter last year.
Operating revenues rose 14.7 per cent to $2.35 billion, led by an 18.4 per cent increase in its wireless business. Wireless now contributes more than half of Rogers' revenues.
All Rogers divisions reported an increase in revenues, with the exception of its video stores, where sales fell 5.6 per cent.
"While we have much work and investment in front of us and competition continues to be intense, the solid operating results from our businesses are combining to drive increasing levels of cash flow and are positioning us increasingly well for continued success," CEO Ted Rogers said in a statement.
On the strength of its earnings, Rogers is more than doubling its annual stock dividend — from 15 to 32 cents a share.
It is also proposing to split its Class A voting and Class B non-voting shares on a two-for-one basis. Shareholders will be asked to approve the split at a special meeting on Dec. 15. CEO Rogers controls 91 per cent of the Class A shares.
Rogers Class B shares were up $3 on the TSX to end at $67.19.