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

BCE Inc. (TSE:BCE - Get Free Report) NYSE: BCE announced a quarterly dividend on Thursday, November 7th,RTT News reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.9975 per share on Wednesday, January 15th. This represents a $3.99 dividend on an annualized basis and a yield of 10.25%.

BCE Stock Performance

BCE traded down C$1.12 during trading on Thursday, reaching C$38.94. 9,774,170 shares of the company's stock were exchanged, compared to its average volume of 3,069,372. The company's fifty day simple moving average is C$46.32 and its 200-day simple moving average is C$45.95. The stock has a market capitalization of C$35.52 billion, a P/E ratio of 18.01, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. The company has a debt-to-equity ratio of 197.43, a current ratio of 0.65 and a quick ratio of 0.43. BCE has a 1 year low of C$37.81 and a 1 year high of C$56.18.

Analyst Upgrades and Downgrades

BCE has been the topic of a number of recent analyst reports. National Bank Financial downgraded shares of BCE from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. Canaccord Genuity Group cut BCE from a "buy" rating to a "hold" rating and reduced their price target for the stock from C$51.00 to C$41.00 in a report on Tuesday. Scotiabank decreased their target price on BCE from C$50.50 to C$47.50 in a research report on Tuesday. BMO Capital Markets lifted their target price on shares of BCE from C$48.00 to C$51.00 in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BCE from C$46.00 to C$47.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of C$47.23.

About BCE

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.