BCE Inc. (BCE) To Go Ex-Dividend on December 13th

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BCE Inc. (TSE:BCE) (NYSE:BCE) announced a quarterly dividend on Thursday, November 1st, Zacks reports. Stockholders of record on Friday, December 14th will be given 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 TSE:BCE traded down C$0.51 during 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. The company has a quick ratio of 0.45, a current ratio of 0.58 and a debt-to-equity ratio of 115.69. BCE has a 52 week low of C$50.72 and a 52 week high of C$62.90.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings data on Thursday, November 1st. The company reported C$0.96 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.93 by C$0.03. The firm had revenue of C$5.88 billion during the quarter, compared to the consensus estimate of C$5.86 billion. During the same period in the prior year, the company posted $0.68 earnings per share. On average, research analysts forecast that BCE will post 3.6700002287307 earnings per share for the current year.

In related news, insider Glen Leblanc sold 7,471 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of C$57.00, for a total transaction of C$425,847.00. Also, Director Robert Simmonds bought 2,200 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were bought at an average price of C$55.49 per share, for a total transaction of C$122,078.00. Insiders have sold a total of 17,484 shares of company stock worth $869,960 in the last quarter.

A number of research firms have recently commented on BCE. Morgan Stanley upped their price objective on shares of BCE from C$59.00 to C$60.00 in a research note on Thursday, November 29th. Royal Bank of Canada dropped their target price on shares of BCE from C$60.00 to C$59.00 and set a “sector perform” rating on the stock in a research report on Friday, November 2nd. Barclays dropped their target price on shares of BCE from C$65.00 to C$62.00 in a research report on Friday, November 2nd. TD Securities dropped their target price on shares of BCE from C$57.00 to C$56.00 and set a “hold” rating on the stock in a research report on Tuesday, October 23rd. Finally, Desjardins upgraded shares of BCE from a “hold” rating to a “buy” rating and dropped their target price for the company from C$60.75 to C$59.50 in a research report on Thursday, October 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. BCE has a consensus rating of “Buy” and an average target price of C$59.88.

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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. 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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Dividend History for BCE (TSE:BCE)

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