BCE Inc. (BCE) to Issue Quarterly Dividend of $0.44 on October 15th

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

BCE Stock Performance

BCE stock traded up C$0.26 during midday trading on Friday, reaching C$32.39. 3,080,135 shares of the company traded hands, compared to its average volume of 4,079,188. BCE has a 12 month low of C$29.66 and a 12 month high of C$36.25. The company has a debt-to-equity ratio of 175.06, a current ratio of 0.73 and a quick ratio of 0.43. The business has a 50 day moving average of C$31.52 and a two-hundred day moving average of C$33.00. The firm has a market capitalization of C$30.20 billion, a price-to-earnings ratio of 4.81, a price-to-earnings-growth ratio of 4.67 and a beta of 0.37.

BCE (TSE:BCE) (NYSE:BCE) last posted its earnings results on Thursday, August 6th. The company reported C$0.65 EPS for the quarter. The business 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%. As a group, research analysts predict that BCE will post 3.1120864 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BCE shares. Raymond James Financial set a C$37.00 price target on BCE and gave the stock a “market perform” rating in a research note on Thursday, July 16th. Canaccord Genuity Group reduced 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. TD raised BCE from a “hold” rating to a “buy” rating and set a C$37.00 target price on the stock in a report on Thursday, July 2nd. Desjardins reduced their price target on shares of BCE from C$43.50 to C$41.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Scotia increased their price objective on shares of BCE from C$39.00 to C$40.00 and gave the stock a “sector outperform” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$37.31.

BCE Company Profile

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.