BCE Inc. Declares Quarterly Dividend of $1.00 (TSE:BCE)

BCE Inc. (TSE:BCE - Get Free Report) NYSE: BCE announced a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.9975 per share on Tuesday, April 15th. This represents a $3.99 annualized dividend and a yield of 11.84%. The ex-dividend date of this dividend is Friday, March 14th.

BCE Trading Down 4.2 %

TSE BCE traded down C$1.46 during trading hours on Friday, hitting C$33.70. 4,832,142 shares of the company's stock traded hands, compared to its average volume of 3,942,265. The stock has a fifty day simple moving average of C$33.93. 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 has a market capitalization of C$30.52 billion, a price-to-earnings ratio of 113.06, a P/E/G ratio of 4.67 and a beta of 0.48. BCE has a 52 week low of C$31.43 and a 52 week high of C$49.13.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BCE shares. Barclays lowered shares of BCE from an "equal weight" rating to an "underperform" rating and dropped their price target for the stock from C$41.00 to C$30.00 in a research report on Thursday, January 30th. Scotiabank dropped their price target on shares of BCE from C$42.00 to C$40.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. lowered shares of BCE from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from C$35.00 to C$29.00 in a research report on Friday, February 7th. National Bankshares upped their price target on shares of BCE from C$35.00 to C$36.00 and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Finally, Canaccord Genuity Group upped their price target on shares of BCE from C$33.00 to C$33.50 and gave the stock a "hold" rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$40.50.

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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.