Stock Buybacks
By The Online Investor Staff, updated Wed., Apr. 24, 6:25 PM
| This Slide: #1 of 25 |
Slide #1. Rogers Communications Inc.
Company:
Rogers Communications Inc. (NYSE:RCI)
Share Amount Authorized:
35,758,662
Buyback Details:
Rogers Communications Inc. ("Rogers") announced today that the Toronto Stock Exchange ("TSX") has accepted a notice filed by Rogers of its intention to commence a normal course issuer bid ("NCIB") for its Class B Non-Voting shares ("Class B shares") (TSX:RCI.B.CA). The Board of Directors of Rogers has authorized such share repurchases because it believes that, at certain times, the purchase of Class B shares may represent an appropriate and desirable use of Rogers' available funds when, if in the opinion of management, the value of the Class B shares exceeds the trading price of such shares. Such purchases would provide additional liquidity to shareholders and benefit the remaining shareholders by increasing their proportionate equity interest in Rogers. Under the NCIB, Rogers may, during the twelve month period commencing April 24, 2019 and ending April 23, 2020, purchase on the TSX, the New York Stock Exchange, other designated exchanges and/or alternative trading systems the lesser of 35,758,662 Class B shares, representing approximately 10% of the public float of the Class B shares, and that number of Class B shares that can be purchased under the NCIB for an aggregate purchase price of $500 million. The actual number of Class B shares purchased, if any, and the timing of such purchases will be determined by Rogers, considering market conditions, stock prices, its cash position, and other factors. As at April 16, 2019 there were 401,493,541 Class B shares issued and outstanding and the public float consisted of 357,586,629 Class B shares.
Rogers Communications is a holding company operating as a communications and media company. Co. has four segments: Wireless, which provides wireless telecommunications operations; Cable, which provides cable telecommunications, including internet, television, and telephony services; Business Solutions, which provides network connectivity through its fibre network and data centre assets to support voice, data, networking, hosting, and cloud-based services for businesses, governments, and other telecommunications providers; and Media, which consist of media properties, including television and radio broadcasting, shopping, publishing, sports media and entertainment, and digital media. 
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List of Stock Buybacks in this Slideshow:
3/22/2019:
Company: PDL Community Bancorp (PDLB)
Share Amount Authorized: 923,151
More: buyback details »
3/25/2019:
Company: PHI Group, Inc. (PHI)
Share Amount Authorized: 5,300,000,000
More: buyback details »
3/25/2019:
Company: Titan International, Inc. (TWI)
$Amount Authorized: $25,000,000
More: buyback details »
3/25/2019:
Company: BSR Real Estate Investment Trust (HOM.U.CA)
Share Amount Authorized: 1,312,686
More: buyback details »
3/26/2019:
Company: Meta Financial Group, Inc. (CASH)
Share Amount Authorized: 2,000,000
More: buyback details »
3/26/2019:
Company: Cardtronics plc (CATM)
$Amount Authorized: $50,000,000
More: buyback details »
3/28/2019:
Company: MAV Beauty Brands Inc. (MAV.CA)
$Amount Authorized: $5,000,000
More: buyback details »
3/28/2019:
Company: Kayne Anderson Midstream/Energy Fund, Inc. (KMF)
$Amount Authorized: $20,000,000
More: buyback details »
4/1/2019:
Company: Extraction Oil & Gas, Inc. (XOG)
$Amount Authorized: $163,000,000
More: buyback details »
4/1/2019:
Company: Ally Financial Inc. (ALLY)
$Amount Authorized: $1,250,000,000
More: buyback details »
4/1/2019:
Company: Mr. Amazing Loans Corporation (MRAL)
$Amount Authorized: $2,000,000
More: buyback details »
4/5/2019:
Company: Crown Capital Partners Inc. (CRWN.CA)
Share Amount Authorized: 300,000
More: buyback details »
4/5/2019:
Company: Alimentation Couche-Tard Inc. (ATD.A.CA)
Share Amount Authorized: 16,977,576
More: buyback details »
4/9/2019:
Company: Global Innovation Dividend Fund (BL.UN.CA)
Share Amount Authorized: 730,420
More: buyback details »
4/9/2019:
Company: First Farmers Financial Corp. (FFMR)
$Amount Authorized: $2,000,000
More: buyback details »
4/10/2019:
Company: Turtle Beach (HEAR)
$Amount Authorized: $15,000,000
More: buyback details »
4/10/2019:
Company: BMTC Group Inc. (GBT.CA)
Share Amount Authorized: 1,722,610
More: buyback details »
4/10/2019:
Company: Canadian Western Bank (CWB.CA)
Share Amount Authorized: 3,534,000
More: buyback details »
4/11/2019:
Company: Meridian Bancorp, Inc. (EBSB)
Share Amount Authorized: 500,000
More: buyback details »
4/12/2019:
Company: Legacy Housing Corporation (LEGH)
$Amount Authorized: $10,000,000
More: buyback details »
4/15/2019:
Company: Imperial Metals Corporation (III.CA)
Share Amount Authorized: 635,552
More: buyback details »
4/15/2019:
Company: Norvista Capital Corporation (NVV.CA)
Share Amount Authorized: 3,522,725
More: buyback details »
4/15/2019:
Company: AmeriServ Financial Inc. (ASRV)
Share Amount Authorized: 526,000
More: buyback details »
4/15/2019:
Company: Onex Corporation (ONEX.CA)
Share Amount Authorized: 8,213,787
More: buyback details »
4/18/2019:
Company: Rogers Communications Inc. (RCI)
Share Amount Authorized: 35,758,662
More: buyback details »
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Avg. Broker Rec.
  
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Buy (2.90 out of 4) 32nd percentile
(ranked lower than approx. 68% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
