Rogers Increases Shareholder Dividend by 50%

6:05 am on December 15, 2005 | Category: Business

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Rogers Communications is so pleased about strong financial performance recently that they have announced a 50% increase in the annual dividend on the company’s stock.

Effective on January 6, the dividend will be raised to $0.15/share, up from $0.10/share previously.

This decision is “in recognition of the company’s improving financial performance and solid strategic positioning, together with the board’s continued confidence in management’s execution of the company’s strategy,” according to Ted Rogers, the company’s president and CEO.

Rogers has also announced that an executive by the name of Bill Linton will be promoted to the position of Chief Financial Officer. Former CFO, Alan Horn will become CEO of Rogers Telecommunications Ltd., which is a separate holding company that manages the Rogers family’s private investments.

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