BCE Inc. (TSE:BCE) Plans Quarterly Dividend of $0.92

BCE Inc. (TSE:BCEGet Rating) (NYSE:BCE) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Stockholders of record on Thursday, September 15th will be given a dividend of 0.92 per share on Saturday, October 15th. This represents a $3.68 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend is Wednesday, September 14th.

BCE Stock Performance

TSE BCE opened at C$63.72 on Friday. The company has a market cap of C$58.10 billion and a P/E ratio of 19.67. The company has a debt-to-equity ratio of 125.96, a quick ratio of 0.45 and a current ratio of 0.65. The business’s 50 day moving average price is C$64.46 and its 200-day moving average price is C$67.21. BCE has a fifty-two week low of C$61.42 and a fifty-two week high of C$74.09.

BCE (TSE:BCEGet Rating) (NYSE:BCE) last released its earnings results on Thursday, August 4th. The company reported C$0.87 earnings per share for the quarter, beating the consensus estimate of C$0.83 by C$0.04. The company had revenue of C$5.86 billion for the quarter, compared to the consensus estimate of C$5.85 billion. Sell-side analysts predict that BCE will post 3.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

BCE has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on BCE from C$68.00 to C$70.00 in a research report on Friday, May 6th. TD Securities upped their price objective on BCE from C$65.00 to C$67.00 and gave the company a “hold” rating in a research report on Friday. Royal Bank of Canada cut their price objective on BCE from C$70.00 to C$68.00 in a research report on Tuesday, July 12th. Scotiabank upped their target price on BCE from C$68.00 to C$68.50 in a report on Friday. Finally, Cormark lowered their target price on BCE from C$72.00 to C$67.00 in a report on Friday. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$68.54.

About BCE

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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 wireless voice and data communication products and services, as well as consumer electronics products.

Further Reading

Dividend History for BCE (TSE:BCE)

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