BCE Inc. (TSE:BCE) Declares Quarterly Dividend of $0.44

BCE Inc. (TSE:BCEGet Free Report) (NYSE:BCE) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Thursday, October 15th will be given a dividend of 0.4375 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

BCE Trading Up 0.8%

BCE traded up C$0.26 during trading on Friday, reaching C$32.39. The company had a trading volume of 3,080,135 shares, compared to its average volume of 4,079,188. The firm’s 50-day simple moving average is C$31.52 and its 200 day simple moving average is C$33.00. The company has a debt-to-equity ratio of 175.06, a quick ratio of 0.43 and a current ratio of 0.73. The company has a market cap of C$30.20 billion, a price-to-earnings ratio of 4.81, a PEG ratio of 4.67 and a beta of 0.37. BCE has a 12-month low of C$29.66 and a 12-month high of C$36.25.

BCE (TSE:BCEGet Free Report) (NYSE:BCE) last announced its earnings results on Thursday, August 6th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$6.18 billion during the quarter. BCE had a net margin of 25.89% and a return on equity of 27.73%. Equities research analysts anticipate that BCE will post 3.1120864 earnings per share for the current year.

Analyst Ratings Changes

BCE has been the topic of several recent analyst reports. Scotiabank cut their target price on shares of BCE from C$41.00 to C$39.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 7th. Scotia raised their target price on BCE from C$39.00 to C$40.00 and gave the stock a “sector outperform” rating in a research report on Friday, August 7th. Raymond James Financial set a C$37.00 price target on BCE and gave the company a “market perform” rating in a research report on Thursday, July 16th. Royal Bank Of Canada reduced their price objective on BCE from C$39.00 to C$36.00 and set an “outperform” rating for the company in a research note on Friday, July 10th. Finally, Canaccord Genuity Group decreased their price objective on BCE from C$35.00 to C$33.00 and set a “hold” rating for the company in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, BCE currently has a consensus rating of “Moderate Buy” and an average target price of C$37.31.

Read Our Latest Research Report on BCE

BCE Company Profile

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Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.

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Dividend History for BCE (TSE:BCE)

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