BCE Inc. (TSE:BCE) Declares Quarterly Dividend of $1.00

BCE Inc. (TSE:BCE) (NYSE:BCE) announced a quarterly dividend on Thursday, November 7th, RTT News reports. Investors of record on Monday, December 16th will be paid a dividend of 0.9975 per share on Wednesday, January 15th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 10.44%.

BCE Stock Performance

Shares of TSE:BCE traded down C$1.83 during trading on Thursday, reaching C$38.23. 1,513,688 shares of the company’s stock traded hands, compared to its average volume of 3,031,109. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. BCE has a 12 month low of C$38.20 and a 12 month high of C$56.18. The company has a 50 day moving average of C$46.32 and a 200-day moving average of C$45.95. The stock has a market capitalization of C$34.88 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48.

Wall Street Analyst Weigh In

Several research analysts have commented on BCE shares. BMO Capital Markets upped their target price on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. Cormark decreased their target price on shares of BCE from C$53.00 to C$52.00 in a research report on Friday, August 2nd. Desjardins upped their target price on shares of BCE from C$48.00 to C$51.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Scotiabank decreased their target price on shares of BCE from C$50.50 to C$47.50 in a research report on Tuesday. Finally, Canaccord Genuity Group cut shares of BCE from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$51.00 to C$41.00 in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$47.23.

About BCE

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.