BCE, Inc. (BCE) Announces Quarterly Dividend of $0.56

BCE, Inc. (NYSE:BCE) (TSE:BCE) announced a quarterly dividend on Thursday, November 2nd, Zacks reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.558 per share by the utilities provider on Monday, January 15th. This represents a $2.23 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Thursday, December 14th.

BCE has decreased its dividend by an average of 3.7% annually over the last three years. BCE has a dividend payout ratio of 108.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect BCE to earn $2.74 per share next year, which means the company may not be able to cover its $2.87 annual dividend with an expected future payout ratio of 104.7%.

BCE (NYSE:BCE) (TSE:BCE) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.02). The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.65 billion. BCE had a return on equity of 20.80% and a net margin of 12.78%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS.

Several analysts have recently commented on the company. BidaskClub raised BCE from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. National Bank Financial raised BCE from a “sector perform” rating to an “outperform” rating in a research report on Thursday. Argus began coverage on BCE in a report on Tuesday, July 18th. They set a “hold” rating for the company. Zacks Investment Research lowered BCE from a “buy” rating to a “sell” rating in a report on Wednesday, October 25th. Finally, Morgan Stanley cut their price objective on BCE from $62.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $56.83.

ILLEGAL ACTIVITY WARNING: This story was first posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.com-unik.info/2017/11/03/bce-inc-bce-announces-quarterly-dividend-of-0-56.html.

BCE Company Profile

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.

Dividend History for BCE (NYSE:BCE)

What are top analysts saying about BCE Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BCE Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit