BCE Inc. (TSE:BCE) Announces Quarterly Dividend of $0.76

BCE Inc. (TSE:BCE) (NYSE:BCE) announced a quarterly dividend on Wednesday, February 7th, Zacks reports. Stockholders of record on Thursday, March 15th will be given a dividend of 0.755 per share on Sunday, April 15th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date is Wednesday, March 14th. This is a boost from BCE’s previous quarterly dividend of $0.72.

Shares of BCE (TSE BCE) traded up C$0.52 during midday trading on Friday, reaching C$56.86. The company had a trading volume of 3,090,078 shares, compared to its average volume of 1,735,575. The firm has a market cap of $50,760.00, a P/E ratio of 17.44 and a beta of -0.04. BCE has a 52-week low of C$54.44 and a 52-week high of C$63.00.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.76 EPS for the quarter, topping the consensus estimate of C$0.74 by C$0.02. The business had revenue of C$5.96 billion for the quarter, compared to analysts’ expectations of C$5.95 billion. BCE had a net margin of 14.39% and a return on equity of 20.55%. During the same quarter last year, the company posted $0.62 earnings per share.

A number of analysts recently weighed in on BCE shares. JPMorgan Chase & Co. reduced their target price on shares of BCE from C$68.00 to C$62.00 in a report on Monday, February 12th. Canaccord Genuity reduced their target price on shares of BCE from C$61.00 to C$59.00 in a report on Friday, February 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$61.00 price objective on shares of BCE in a research note on Friday, February 9th. Citigroup decreased their price objective on shares of BCE from C$66.00 to C$64.00 in a research note on Friday, February 9th. Finally, TD Securities decreased their price objective on shares of BCE from C$59.00 to C$58.00 in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. BCE has an average rating of “Buy” and a consensus price target of C$61.75.

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BCE Company Profile

BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.

Dividend History for BCE (TSE:BCE)

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