BCE Inc. (TSE:BCE) Announces $1.00 Quarterly Dividend

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

BCE Trading Down 4.6 %

BCE traded down C$1.83 during midday trading on Thursday, hitting C$38.23. The company’s stock had a trading volume of 1,513,688 shares, compared to its average volume of 3,031,109. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 197.43. The firm has a market cap of C$34.88 billion, a P/E ratio of 18.63, a PEG ratio of 4.67 and a beta of 0.48. The firm has a 50-day moving average price of C$46.32 and a two-hundred day moving average price of C$45.95. BCE has a 52-week low of C$38.20 and a 52-week high of C$56.18.

Analyst Upgrades and Downgrades

BCE has been the topic of several research reports. Cormark cut their price target on shares of BCE from C$53.00 to C$52.00 in a report on Friday, August 2nd. Canaccord Genuity Group lowered shares of BCE from a “buy” rating to a “hold” rating and reduced their target price for the company from C$51.00 to C$41.00 in a report on Tuesday. Desjardins lifted their target price on shares of BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Royal Bank of Canada reduced their target price on shares of BCE from C$52.00 to C$47.00 in a report on Tuesday. Finally, National Bank Financial lowered shares of BCE from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.