BCE Inc. (TSE:BCE) to Issue Quarterly Dividend of $0.44

BCE Inc. (TSE:BCE - Get Free Report) NYSE: BCE declared a quarterly dividend on Monday, June 16th, TickerTech Dividends reports. Stockholders of record on Tuesday, July 15th will be paid a dividend of 0.4375 per share on Tuesday, July 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend is Monday, June 16th.

BCE Price Performance

TSE:BCE traded down C$0.39 during trading hours on Tuesday, reaching C$30.02. 2,838,264 shares of the company traded hands, compared to its average volume of 3,933,647. The company has a debt-to-equity ratio of 226.73, a current ratio of 0.62 and a quick ratio of 0.43. The firm's 50-day moving average is C$30.15 and its 200-day moving average is C$32.60. The stock has a market cap of C$27.19 billion, a P/E ratio of 100.71, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a 1-year low of C$28.73 and a 1-year high of C$49.13.

Analysts Set New Price Targets

Several brokerages recently issued reports on BCE. National Bank Financial raised shares of BCE from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Royal Bank of Canada dropped their price objective on BCE from C$37.00 to C$35.00 and set a "sector perform" rating for the company in a report on Friday, May 9th. Desjardins lifted their price objective on BCE from C$36.00 to C$39.00 and gave the company a "hold" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. increased their price target on BCE from C$28.00 to C$29.00 in a report on Monday, May 12th. Finally, National Bankshares set a C$35.00 price objective on shares of BCE and gave the company an "outperform" rating in a research note on Friday, June 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$37.04.

About BCE

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.