BCE Inc. (TSE:BCE) (NYSE:BCE) declared a quarterly dividend on Wednesday, February 7th, Zacks reports. Shareholders of record on Thursday, March 15th will be given a dividend of 0.755 per share on Sunday, April 15th. This represents a $3.02 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from BCE’s previous quarterly dividend of $0.72.
BCE (TSE BCE) traded up C$0.52 on Friday, reaching C$56.86. 3,090,078 shares of the company traded hands, compared to its average volume of 1,735,575. The firm has a market capitalization of $50,760.00, a price-to-earnings ratio of 17.44 and a beta of -0.04. BCE has a 52-week low of C$54.44 and a 52-week high of C$63.00.
BCE (TSE:BCE) (NYSE:BCE) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.76 EPS for the quarter, beating the consensus estimate of C$0.74 by C$0.02. BCE had a net margin of 14.39% and a return on equity of 20.55%. The company had revenue of C$5.96 billion for the quarter, compared to analyst estimates of C$5.95 billion. During the same quarter last year, the business earned $0.62 earnings per share.
A number of analysts recently weighed in on BCE shares. JPMorgan Chase & Co. reduced their target price on shares of BCE from C$68.00 to C$62.00 in a report on Monday, February 12th. Canaccord Genuity reduced their target price on shares of BCE from C$61.00 to C$59.00 in a report on Friday, February 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$61.00 price objective on shares of BCE in a research note on Friday, February 9th. Citigroup decreased their price objective on shares of BCE from C$66.00 to C$64.00 in a research note on Friday, February 9th. Finally, TD Securities decreased their price objective on shares of BCE from C$59.00 to C$58.00 in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. BCE has an average rating of “Buy” and a consensus price target of C$61.75.
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BCE Company Profile
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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