BCE Inc. Plans Quarterly Dividend of $0.59 (BCE)

BCE Inc. (NYSE:BCE) (TSE:BCE) declared a quarterly dividend on Friday, May 4th, Wall Street Journal reports. Investors of record on Friday, June 15th will be given a dividend of 0.5893 per share by the utilities provider on Sunday, July 15th. This represents a $2.36 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend is Thursday, June 14th.

BCE has decreased its dividend payment by an average of 0.9% per year over the last three years. BCE has a payout ratio of 84.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect BCE to earn $2.83 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 79.2%.

BCE opened at $42.53 on Wednesday, according to Marketbeat Ratings. BCE has a 1 year low of $41.01 and a 1 year high of $49.06. The firm has a market capitalization of $38.24 billion, a P/E ratio of 16.23, a PEG ratio of 4.47 and a beta of 0.34. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 1.19.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings data on Thursday, May 3rd. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). BCE had a net margin of 12.06% and a return on equity of 19.24%. The firm had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. BCE’s revenue was up 3.8% compared to the same quarter last year. equities research analysts forecast that BCE will post 2.71 earnings per share for the current fiscal year.

A number of research firms have issued reports on BCE. ValuEngine cut shares of BCE from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. Zacks Investment Research cut shares of BCE from a “hold” rating to a “sell” rating in a research report on Monday, April 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $56.00.

BCE Company Profile

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.

Dividend History for BCE (NYSE:BCE)

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