BCE Inc. (BCE) to Issue Quarterly Dividend of $0.72
BCE Inc. (TSE:BCE) (NYSE:BCE) declared a quarterly dividend on Thursday, November 2nd, Zacks reports. Investors of record on Friday, December 15th will be paid a dividend of 0.717 per share on Monday, January 15th. This represents a $2.87 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Thursday, December 14th.
BCE (TSE:BCE) (NYSE:BCE) last released its quarterly earnings results on Thursday, August 3rd. The company reported C$0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.87 by C$0.01. The business had revenue of C$5.70 billion during the quarter, compared to analyst estimates of C$5.62 billion. BCE had a net margin of 14.23% and a return on equity of 20.64%.
In related news, Director Katherine M. Lee acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of C$58.91 per share, with a total value of C$117,820.00. Also, insider Blaik Kirby sold 6,498 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of C$59.30, for a total transaction of C$385,331.40.
BCE has been the subject of several analyst reports. Scotiabank decreased their price target on shares of BCE from C$61.00 to C$60.00 and set a “sector perform” rating for the company in a research report on Thursday, July 27th. J P Morgan Chase & Co decreased their price target on shares of BCE from C$66.00 to C$65.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. Finally, TD Securities decreased their price target on shares of BCE from C$59.00 to C$58.00 and set a “hold” rating for the company in a research report on Monday, September 25th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of C$62.08.
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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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