What should Canadian investors know about RCI-B.TO tax treatment?

Rogers paused dividend growth following the Shaw acquisition; verify the current dividend growth guidance and debt-reduction timeline before modelling payout increases.

Is RCI-B.TO suitable for a TFSA or RRSP in Canada?

Eligible dividends qualify for the tax credit; DRIP is available.

How should I research Rogers Communications Class B before adding it to a dividend income plan?

The Shaw integration creates operational synergy upside but also integration execution risk; major milestones should be monitored alongside the payout ratio.

Market dataIncome framework read

Dividend CompanyTSXCanada

RCI-B.TO

Rogers Communications Class B

Communication ServicesPlain dividendQuarterly

Market Snapshot

$51.91

+$0.58 (1.13%)

Toronto

Yield

3.85%

Rate $2.00

Next Payment

Next pay in 13 days

Ex-date 2026-06-09

52wk Position

73.92%

-7.75% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout

Income reliability

Derived from payout history

Quarterly income profile is visible

RCI-B.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.

DRIP defense

Editorial framework

Default DRIP test is not defended

RCI-B.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.96.

Main watch item

Editorial framework

DRIP coverage is the weak point

RCI-B.TO is below the defended default DRIP zone. The practical watch item is share count versus current price, not just stated yield.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Failed

Shares ownedTarget print rate

Cash: $50.00
APR: 0.963
Coverage: 0.963

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended: $50.00
Cushion: -$1.91
Cushion %: -3.68%

Current $51.91Break $50.00

Smart Recommendation

RCI-B.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Moderate

1mo ago

DRIP availability

Available

1mo ago

Tax character

Eligible dividend

1mo ago

Distribution history

Multi-decade

1mo ago

Structure complexity

Simple

1mo ago

Income trend

Stable

1mo ago

Account suitability

Non-reg: eligible div

1mo ago

Structure Overview

Rogers Communications (RCI.B) is one of Canada's major wireless, cable, and media companies, having completed the acquisition of Shaw Communications in 2023. The Shaw integration increased Rogers's debt load significantly; dividend growth has been paused while the company prioritizes debt reduction. Eligible dividends are paid quarterly.

Canadian Planning Notes

1Rogers paused dividend growth following the Shaw acquisition; verify the current dividend growth guidance and debt-reduction timeline before modelling payout increases.
2Eligible dividends qualify for the tax credit; DRIP is available.
3The Shaw integration creates operational synergy upside but also integration execution risk; major milestones should be monitored alongside the payout ratio.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$51.91

Previous close

$51.33

Day range

$51.10 - $52.12

52wk range

$39.55 - $56.27

Market cap

28B

Volume

1.4M

Avg volume

2.1M

Exchange

Toronto

Dividend and distribution

Forward rate

$2.00

Trailing rate

$2.00

Forward yield

3.85%

Trailing yield

3.90%

Per payment

$0.50

Cadence

Quarterly

Next ex-date

Jun 9, 2026

Next pay

Jul 6, 2026

Last dividend

$0.50

Last dividend date

Jun 9, 2026

Performance

Daily change

$0.58

Daily change %

1.13%

52wk position

73.92%

Below 52wk high

-7.75%

Above 52wk low

31.25%

Open

$51.41

Earnings and financials

Trailing EPS

13.04

Forward EPS

5.04

Revenue

22.2B

Revenue growth

10.20%

Profit margin

31.74%

Operating margin

20.89%

Payout ratio

N/A

Free cash flow

6.8B

Total cash

1.7B

ROE

40.67%

ROA

3.89%

Debt/equity

184.2

Beta

0.79

Valuation

Trailing P/E

3.98

Forward P/E

10.3

Price/sales

1.26

Price/book

1.56

Enterprise value

77.5B

EV/EBITDA

8.2

Analyst facts

Target mean

$60.44

Target high

$74.00

Target low

$50.00

Recommendation mean

2.06

Recommendation key

buy

Analysts

Canadian Context

Account placement

Non-registered

Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.

TFSA: Tax-free growth and withdrawals.

RRSP: Tax-deferred growth, with withdrawals taxed as regular income.

Eligible dividend tax credit

ProvinceCash dividend

Total credit: $345.27
Effective rate: 34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.