BCE Inc. (TSE:BCE) Declares $0.92 Quarterly Dividend

BCE Inc. (TSE:BCEGet Rating) (NYSE:BCE) announced a quarterly dividend on Thursday, May 5th, Zacks reports. Investors of record on Wednesday, June 15th will be given a dividend of 0.92 per share on Friday, July 15th. This represents a $3.68 annualized dividend and a dividend yield of 5.33%. The ex-dividend date is Tuesday, June 14th.

BCE stock opened at C$69.04 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 129.35. The company has a market capitalization of C$62.83 billion and a PE ratio of 23.10. BCE has a 12-month low of C$58.58 and a 12-month high of C$74.09. The business’s fifty day moving average price is C$70.01 and its 200 day moving average price is C$66.98.

BCE (TSE:BCEGet Rating) (NYSE:BCE) last released its quarterly earnings data on Thursday, February 3rd. The company reported C$0.76 EPS for the quarter, beating analysts’ consensus estimates of C$0.72 by C$0.04. The business had revenue of C$6.21 billion during the quarter, compared to analysts’ expectations of C$6.23 billion. Research analysts predict that BCE will post 3.5799999 EPS for the current fiscal year.

BCE has been the subject of a number of research analyst reports. Canaccord Genuity Group cut BCE to a “hold” rating and set a C$71.00 target price for the company. in a research report on Tuesday, April 26th. Bank of America cut BCE to a “neutral” rating in a research report on Monday, March 14th. JPMorgan Chase & Co. increased their price objective on BCE from C$66.00 to C$68.00 and gave the stock a “neutral” rating in a research report on Monday, February 7th. Royal Bank of Canada increased their price objective on BCE from C$66.00 to C$69.00 in a research report on Monday, April 11th. Finally, UBS Group reaffirmed a “neutral” rating and set a C$63.00 price objective on shares of BCE in a research report on Wednesday, April 20th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, BCE has a consensus rating of “Hold” and an average price target of C$68.54.

About BCE (Get Rating)

BCE Inc operates as a telecommunications and media company in Canada. The company offers wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers. It operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment provides wireless voice and data communication products and services, and consumer electronics products.

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Dividend History for BCE (TSE:BCE)

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