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

Key Points

• BCE Inc. announced a quarterly dividend of $0.44 per share, payable on October 15th to investors of record as of September 15th, reflecting a dividend yield of 5.5%.
• As of Thursday, BCE stock opened at C$32.00, marking a 1.4% decline and exhibiting a debt-to-equity ratio of 226.73.
• Analysts have set varied price targets for BCE, with an average target of C$34.21, while ratings include two sell ratings, seven holds, one buy, and two strong buys.

BCE Inc. (TSE:BCE - Get Free Report) NYSE: BCE declared a quarterly dividend on Thursday, August 7th, RTT News reports. Investors of record on Monday, September 15th will be paid a dividend of 0.4375 per share on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 5.5%.

BCE Stock Down 1.4%

BCE stock opened at C$32.00 on Thursday. The company has a debt-to-equity ratio of 226.73, a quick ratio of 0.43 and a current ratio of 0.62. The business's 50 day moving average price is C$31.40 and its two-hundred day moving average price is C$31.92. BCE has a fifty-two week low of C$28.73 and a fifty-two week high of C$49.13. The company has a market capitalization of C$28.99 billion, a price-to-earnings ratio of 107.35, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48.

Analysts Set New Price Targets

Several equities analysts have commented on BCE shares. National Bankshares set a C$35.00 price objective on BCE and gave the company an "outperform" rating in a research report on Friday, June 6th. Royal Bank Of Canada dropped their price target on BCE from C$37.00 to C$35.00 and set a "sector perform" rating for the company in a research report on Friday, May 9th. Cibc World Mkts lowered BCE from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. BMO Capital Markets reduced their price objective on shares of BCE from C$51.00 to C$35.00 and set a "market perform" rating on the stock in a report on Tuesday. Finally, Scotiabank upgraded shares of BCE from a "hold" rating to a "strong-buy" rating and set a C$39.00 price target for the company in a research note on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of C$34.21.

BCE Company Profile

BCE is both a wireless and internet service provider, offering wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrierthe legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provincesOntario and Quebec.

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