BCE (BCE) Announces Quarterly Dividend of $0.57
BCE (NYSE:BCE) declared a quarterly dividend on Friday, August 8th, American Banking and Market News reports. Investors of record on Monday, September 15th will be given a dividend of 0.5662 per share on Wednesday, October 15th. This represents a $2.26 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend is Thursday, September 11th.
A number of analysts have recently weighed in on BCE shares. Analysts at Macquarie downgraded shares of BCE from a “neutral” rating to an “underperform” rating in a research note on Friday. Analysts at Credit Suisse reiterated a “neutral” rating on shares of BCE in a research note on Thursday, July 24th. They now have a $50.00 price target on the stock, up previously from $48.00. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. BCE currently has an average rating of “Hold” and a consensus target price of $48.50.
Shares of BCE (NYSE:BCE) traded down 1.15% on Friday, hitting $43.95. The stock had a trading volume of 1,136,891 shares. BCE has a one year low of $40.02 and a one year high of $46.70. The stock has a 50-day moving average of $45.37 and a 200-day moving average of $44.25. The company has a market cap of $34.162 billion and a price-to-earnings ratio of 18.75.
BCE (NYSE:BCE) last released its earnings data on Thursday, August 7th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.85 by $0.03. The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that BCE will post $3.16 earnings per share for the current fiscal year.
BCE Inc is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs.
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