BCE Inc. (BCE) to Issue Quarterly Dividend of $1.00 on October 15th

BCE Inc. (TSE:BCE) (NYSE:BCE) announced a quarterly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.998 per share on Tuesday, October 15th. This represents a $3.99 annualized dividend and a dividend yield of 8.30%. The ex-dividend date is Monday, September 16th.

BCE Trading Up 0.5 %

TSE:BCE opened at C$48.11 on Friday. The stock has a market capitalization of C$43.89 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 1.90 and a beta of 0.48. BCE has a 52 week low of C$42.58 and a 52 week high of C$56.18. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43. The firm has a 50 day moving average of C$46.52 and a 200 day moving average of C$46.28.

BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.78 EPS for the quarter, missing analysts’ consensus estimates of C$0.80 by C($0.02). BCE had a net margin of 8.75% and a return on equity of 10.63%. The business had revenue of C$6.01 billion during the quarter, compared to analysts’ expectations of C$6.07 billion.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Cormark lowered their price target on shares of BCE from C$53.00 to C$52.00 in a report on Friday, August 2nd. BMO Capital Markets lifted their target price on shares of BCE from C$47.00 to C$48.00 in a report on Thursday, September 5th. National Bankshares lowered their price target on shares of BCE from C$52.00 to C$50.00 and set an “outperform” rating on the stock in a report on Wednesday, June 26th. JPMorgan Chase & Co. lifted their price objective on shares of BCE from C$46.00 to C$47.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada lowered their target price on shares of BCE from C$54.00 to C$51.00 in a research note on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$50.42.

BCE Company Profile

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.