The company released its second quarter 2021 results on July 21. Rogers delivered cable revenue growth of 5% as adjusted EBITDA increased 8% compared to the previous year. This growth was powered by Wireless postpaid net subscriber additions of 99,000. Meanwhile, Rogers achieved Media revenue growth of 84%. This was primarily due to a rebound in television advertising revenue as live professional sports broadcasting returned in full force. It should continue to receive a boost as the National Football League (NFL) has returned for its typically strong fall and winter performance.
What qualifies Rogers as an undervalued dividend stock? Its shares possess a favourable price-to-earnings ratio of 18. The stock last had an RSI of 30. That puts Rogers just outside of technically oversold territory. Rogers currently offers a quarterly dividend of $0.50 per share. This represents a 3.3% yield.