BCE Inc. (TSE:BCE) (NYSE:BCE) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.793 per share on Tuesday, October 15th. This represents a $3.17 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from BCE’s previous quarterly dividend of $0.79.

Shares of BCE traded up C$0.39 during trading hours on Wednesday, hitting C$63.88. 947,549 shares of the company were exchanged, compared to its average volume of 1,696,907. The company has a debt-to-equity ratio of 135.01, a quick ratio of 0.45 and a current ratio of 0.57. The company has a market cap of $57.15 billion and a PE ratio of 19.63. The firm’s 50 day moving average is C$61.66 and its 200-day moving average is C$60.39. BCE has a 52 week low of C$50.72 and a 52 week high of C$63.88.

BCE (TSE:BCE) (NYSE:BCE) last posted its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.90 by C$0.04. The company had revenue of C$5.93 billion during the quarter, compared to analyst estimates of C$5.89 billion. As a group, equities analysts forecast that BCE will post 3.7099999 earnings per share for the current fiscal year.

BCE has been the topic of a number of recent analyst reports. TD Securities lifted their price target on shares of BCE from C$64.00 to C$65.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Royal Bank of Canada boosted their price objective on shares of BCE from C$61.00 to C$62.00 in a research note on Friday, August 2nd. JPMorgan Chase & Co. downgraded shares of BCE from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from C$63.00 to C$60.00 in a report on Monday, July 8th. National Bank Financial raised their target price on shares of BCE from C$58.00 to C$60.00 and gave the company a “sector perform” rating in a research note on Thursday, July 4th. Finally, BMO Capital Markets lifted their target price on shares of BCE from C$63.00 to C$65.00 in a report on Monday. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$62.09.

BCE Company Profile

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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Dividend History for BCE (TSE:BCE)

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