BCE Inc. Announces Quarterly Dividend of $0.44 (TSE:BCE)

BCE Inc. (TSE:BCE) (NYSE:BCE) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.4375 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Monday, June 15th.

BCE Stock Performance

Shares of BCE traded up C$0.08 during mid-day trading on Friday, reaching C$34.37. The company had a trading volume of 3,461,996 shares, compared to its average volume of 4,037,456. BCE has a 52-week low of C$29.68 and a 52-week high of C$36.25. The company has a quick ratio of 0.43, a current ratio of 0.66 and a debt-to-equity ratio of 183.90. The stock has a market capitalization of C$32.05 billion, a P/E ratio of 5.08, a PEG ratio of 4.67 and a beta of 0.24. The stock has a 50 day moving average of C$33.37 and a two-hundred day moving average of C$33.75.

BCE (TSE:BCE) (NYSE:BCE) last issued its earnings results on Thursday, May 7th. The company reported C$0.63 EPS for the quarter. BCE had a return on equity of 29.69% and a net margin of 26.07%.The firm had revenue of C$6.17 billion for the quarter. On average, analysts expect that BCE will post 3.1120864 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BCE shares. TD Securities downgraded BCE from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$41.00 to C$37.00 in a research note on Thursday, April 2nd. Desjardins lowered their price target on BCE from C$41.50 to C$41.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Royal Bank Of Canada increased their price target on BCE from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Finally, Scotiabank increased their price target on BCE from C$39.50 to C$41.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$38.50.

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.