BCE Inc. (TSE:BCE) Announces Quarterly Dividend of $0.79

BCE Inc. (TSE:BCE) (NYSE:BCE) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.793 per share on Tuesday, October 15th. This represents a $3.17 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date is Friday, September 13th. This is an increase from BCE’s previous quarterly dividend of $0.79.

TSE BCE traded up C$0.31 during trading hours on Wednesday, hitting C$63.80. 814,723 shares of the stock were exchanged, compared to its average volume of 1,696,340. The company has a quick ratio of 0.45, a current ratio of 0.57 and a debt-to-equity ratio of 135.01. The company has a market cap of $57.15 billion and a price-to-earnings ratio of 19.63. BCE has a 12-month low of C$50.72 and a 12-month high of C$63.86. The stock has a 50-day moving average of C$61.66 and a 200 day moving average of C$60.39.

BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.90 by C$0.04. The business had revenue of C$5.93 billion during the quarter, compared to analysts’ expectations of C$5.89 billion. On average, equities research analysts expect that BCE will post 3.7099999 earnings per share for the current year.

Several analysts have recently commented on the company. CIBC raised their price target on BCE from C$59.00 to C$60.00 in a report on Friday, August 2nd. TD Securities upped their price objective on BCE from C$64.00 to C$65.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. lowered BCE from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$63.00 to C$60.00 in a report on Monday, July 8th. National Bank Financial increased their price objective on BCE from C$58.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 4th. Finally, Royal Bank of Canada raised their target price on BCE from C$61.00 to C$62.00 in a report on Friday, August 2nd. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$62.09.

About BCE

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

Read More: Why do analysts give a neutral rating?

Dividend History for BCE (TSE:BCE)

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