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 dividend yield of 4.97%. The ex-dividend date is Friday, September 13th. This is a positive change from BCE’s previous quarterly dividend of $0.79.

Shares of TSE BCE traded up C$0.30 during trading hours on Wednesday, hitting C$63.79. The company had a trading volume of 857,182 shares, compared to its average volume of 1,696,507. BCE has a 1-year low of C$50.72 and a 1-year high of C$63.86. The company has a quick ratio of 0.45, a current ratio of 0.57 and a debt-to-equity ratio of 135.01. The firm’s 50 day moving average is C$61.66 and its 200-day moving average is C$60.39. The stock has a market capitalization of $57.15 billion and a P/E ratio of 19.63.

BCE (TSE:BCE) (NYSE:BCE) last issued its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.90 by C$0.04. The firm had revenue of C$5.93 billion for the quarter, compared to analyst estimates of C$5.89 billion. On average, sell-side analysts predict that BCE will post 3.7099999 earnings per share for the current year.

A number of brokerages have recently commented on BCE. BMO Capital Markets lifted their price objective on shares of BCE from C$63.00 to C$65.00 in a research report on Monday. National Bank Financial boosted their target price on BCE from C$58.00 to C$60.00 and gave the stock a “sector perform” rating in a report on Thursday, July 4th. JPMorgan Chase & Co. cut shares of BCE from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$63.00 to C$60.00 in a research report on Monday, July 8th. Royal Bank of Canada increased their price objective on shares of BCE from C$61.00 to C$62.00 in a research report on Friday, August 2nd. Finally, CIBC raised their target price on shares of BCE from C$59.00 to C$60.00 in a research note on Friday, August 2nd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently 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.

Read More: Limitations of analyzing profit margin

Dividend History for BCE (TSE:BCE)

Receive News & Ratings for BCE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE and related companies with MarketBeat.com's FREE daily email newsletter.