Rogers Communications: I ve owned Rogers shares for years and have long considered it a core holding. Last year it generated revenue of $12.8 billion with earnings of almost $1.7 billion. The stock pays a handsome dividend of $1.83 a share annually, which translates into a yield of 4.4 per cent. Thats a lot more than you ll receive from a GIC plus you get to use the dividend tax credit if the shares are held in a non-registered account, according to The Toronto Star, Canada. Related: 7 reasons to run from your financial adviser Ottawas populist attack on Canadas Big Three telecommunications companies is hitting shareholders in the pocketbook and there may be more grief to come. So far Toronto-based Rogers Communications has suffered the biggest loss but the others also have reason to worry as the Harper government tries to devise ways to siphon off some of their wireless business to one or more new competitors. But Rogers stock and to a lesser extent the shares of BCE and Telus, the other members of the telecom oligopoly, have been hit by the persistent efforts of the Conservative government to bring about the creation of a fourth major player in the wireless sector. Ottawas goal is to foster more competition with the aim of bringing down wireless prices, which are among the highest in the developed world.
(news.financializer.com). As
reported in the news.
Tagged under , topics.