According to recent market analysis, a Canadian telecom stock has been identified as a better investment than Telus Corporation (TSX: T) and BCE Inc. (TSX: BCE) as of April 2026. The stock in question is Rogers Communications Inc. (TSX: RCI.B), which has shown stronger revenue growth and a higher dividend yield compared to its peers.
Rogers reported a 5% increase in revenue for the first quarter of 2026, driven by its wireless and cable segments. The company also announced a dividend increase of 3% in February 2026, bringing the annual dividend to $2.10 per share, yielding approximately 4.5% at current prices. In contrast, Telus and BCE have faced slower growth due to increased competition and regulatory pressures.
Analysts from major Canadian banks have reiterated a 'buy' rating on Rogers, citing its strong balance sheet and investments in 5G infrastructure. The stock has gained 12% year-to-date as of April 30, 2026, outperforming the S&P/TSX Composite Index.
