BCE Inc. (BCE) to Issue Quarterly Dividend of $0.76

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BCE Inc. (TSE:BCE) (NYSE:BCE) declared a quarterly dividend on Thursday, September 13th, TickerTech reports. Shareholders of record on Monday, October 15th will be paid a dividend of 0.755 per share on Monday, October 15th. This represents a $3.02 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend is Thursday, September 13th.

TSE BCE traded down C$0.24 on Friday, reaching C$52.90. 1,147,800 shares of the company’s stock traded hands, compared to its average volume of 1,513,723. BCE has a 12 month low of C$52.36 and a 12 month high of C$62.90.

BCE (TSE:BCE) (NYSE:BCE) last issued its quarterly earnings results on Thursday, August 2nd. The company reported C$0.86 EPS for the quarter, missing analysts’ consensus estimates of C$0.88 by C($0.02). BCE had a net margin of 14.39% and a return on equity of 20.55%. The business had revenue of C$5.79 billion for the quarter, compared to the consensus estimate of C$5.83 billion.

A number of research analysts have commented on the stock. Royal Bank of Canada reduced their price target on shares of BCE from C$61.00 to C$60.00 and set a “sector perform” rating on the stock in a research report on Friday, August 3rd. Desjardins dropped their price objective on BCE from C$61.00 to C$60.75 and set a “hold” rating for the company in a research note on Friday, August 3rd. TD Securities dropped their price objective on BCE from C$58.00 to C$57.00 in a research note on Friday, August 3rd. CIBC dropped their price objective on BCE from C$59.00 to C$58.00 in a research note on Friday, August 3rd. Finally, Morgan Stanley dropped their price objective on BCE from C$62.00 to C$59.00 in a research note on Friday, August 31st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. BCE currently has a consensus rating of “Hold” and an average target price of C$59.06.

About BCE

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

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Dividend History for BCE (TSE:BCE)

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