Mike Vinokur’s Top Pick Also on BNN Rogers Communication (RCI.B TSX)
Rogers recently reported and reiterated that it would deliver $3 billion in free cash flow. It is now trading at less than 10 times free cash flow with a dividend yield of close to four per cent. It has recently announced a deal to reduce leverage and guided to very good revenue and EBITDA (earnings before interest, taxes, depreciation, and amortization) growth of eight per cent to 10 per cent and 12 per cent to 15 per cent respectively. We would like to think that 2025 will bring either a dividend bump, share buybacks or a bit of both.