BCE Inc. (BCE) to Issue Quarterly Dividend of $0.76
BCE Inc. (TSE:BCE) (NYSE:BCE) declared a quarterly dividend on Thursday, November 1st, Zacks reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.755 per share on Tuesday, January 15th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend is Thursday, December 13th.
Shares of BCE stock traded down C$0.51 during mid-day trading on Friday, reaching C$56.96. The stock had a trading volume of 1,608,300 shares, compared to its average volume of 1,596,034. BCE has a 12-month low of C$50.72 and a 12-month high of C$62.90. The company has a debt-to-equity ratio of 115.69, a quick ratio of 0.45 and a current ratio of 0.58.
BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings results on Thursday, November 1st. The company reported C$0.96 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.93 by C$0.03. The firm had revenue of C$5.88 billion during the quarter, compared to analysts’ expectations of C$5.86 billion. During the same quarter in the prior year, the business earned $0.68 EPS. On average, sell-side analysts expect that BCE will post 3.6700002287307 EPS for the current year.
A number of brokerages have recently weighed in on BCE. TD Securities dropped their price target on BCE from C$57.00 to C$56.00 and set a “hold” rating for the company in a research report on Tuesday, October 23rd. Morgan Stanley raised their price target on BCE from C$59.00 to C$60.00 in a research report on Thursday, November 29th. Desjardins upgraded BCE from a “hold” rating to a “buy” rating and dropped their price target for the company from C$60.75 to C$59.50 in a research report on Thursday, October 18th. Royal Bank of Canada decreased their price objective on BCE from C$60.00 to C$59.00 and set a “sector perform” rating on the stock in a research note on Friday, November 2nd. Finally, Barclays decreased their price objective on BCE from C$65.00 to C$62.00 in a research note on Friday, November 2nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. BCE has a consensus rating of “Buy” and an average price target of C$59.88.
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BCE Company Profile
BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.
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