According to Zacks, BCE INC (NYSE: BCE) (TSE: BCE) disclosed on February 2 that it would pay a quarterly dividend to its shareholders and made the announcement.
A dividend of $0.713 per share was going to be paid out by the company on the following Monday, April 17, to stockholders who had their shares recorded on the books as of the previous Wednesday, March 15.
This dividend was going to be paid out by the corporation.
This equates to a dividend payment of $2.85 annually and a dividend yield of 6.20 percent.
Both of these figures can be found in the table below. On March 14, shareholders are no longer entitled to dividend payments.
This represents an increase from the previous dividend payment of $0.68 made by BCE every quarter as a distribution to shareholders.
The amount of money that BCE has been distributing to shareholders in the form of dividends has increased over the past three years at an average annual rate of 8.2%.
The dividend payout ratio for BCE is currently at 98.9%, which indicates that earnings currently cover the dividend. However, if earnings continue to decline in the future, this may no longer be the case.
Because the company’s payout ratio is projected to be 107.6% and its expected earnings per share are projected to be $2.51, analysts anticipate that BCE may not meet its annual dividend payment of $2.70.
They base this assumption on the company’s expected earnings per share are projected to be $2.51.
On Friday of last week, the price of NYSE BCE fell by $0.09, bringing it down to $46.03 per share. Six hundred twenty-four thousand eight hundred three shares of the company’s stock were traded, a significantly lower volume than the stock’s typical trading volume of 1,220,387 shares.
The simple moving average of the company’s stock price over the past 50 days is $45.84, and the average over the last 200 days is $46.55.
The company’s stock currently trades at a price that results in a price-to-earnings ratio of 18.96, a price-to-earnings-to-growth ratio of 4.65, and a beta value of 0.60.
The market capitalization of the company is currently $41.98 billion.
During the last 52 weeks, the price of BCE has ranged from a low of $39.88 to a high of $59.34.
The current ratio is 0.60, the quick ratio is 0.54, and the debt-to-equity ratio is 1.40.
All of these ratios are relatively low.
These ratios are all quite low in their respective categories.
On November 3, BCE (NYSE: BCE) (TSE: BCE) made public the findings of its most recent financial report for the company’s fiscal quarter.
The utility company reported earnings per share for the quarter of $0.67, which is $0.03 higher than the estimate of $0.64 per share made by market experts (EPS).
The revenue for the quarter came in significantly higher than the $4.50 billion analysts had anticipated, coming in at $4.62 billion instead.
BCE successfully achieved a return on equity of 16.10 percent while maintaining a net margin of 12.14 percent.
BCE is expected to bring in $2.49 in revenue per share during the current fiscal year, as determined by the forecasts provided by specialists in the relevant industry.
Over the last few months, several hedge funds have been active buyers and sellers of BCE shares.
During the first quarter of the fiscal year, Brown Brothers Harriman & Co incurred expenses totaling $88,000 to purchase a new investment in BCE.
The Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in BCE by 107.5% during the first three months of 2018.
In the most recent fiscal quarter, Nelson Van Denburg & Campbell Wealth Management Group LLC bought an additional 1,234 shares of the utility’s stock, bringing the total number of shares it owns to 2,382, with a value of $132,000.
This brings the firm’s total ownership in the utility to 2,382 shares (up from 1,234). Quantbot Technologies LP provided BCE with a contribution totaling $153,000 during the year’s second quarter. Guggenheim Capital LLC acquired a new stake in BCE valued at $219,000 during the third quarter of the fiscal year.
And finally, during the third quarter of this year, IHT Wealth Management LLC made a total investment of 224 thousand dollars in BCE.
To the tune of 42.92% of the company’s stock, institutional investors and hedge funds collectively hold the company’s shares.
Several different research professionals have recently published reports on the BCE stock.
These reports focus on recent developments.
The price objective that the Royal Bank of Canada has placed on BCE shares has increased from C$63.00 to C$64.00, as stated in a report that was made public on Friday, November 4. On November 4, Scotiabank released a report stating that the company had increased its price target on BCE shares from C$65.50 to C$66.75.
This information was included in the report.
In a report distributed on January 23, TD Securities stated that their recommendation regarding BCE had been changed from “buy” to “hold.” They explained their choice by stating that it was derived from their situation evaluation.
BMO Capital Markets stated in a report disseminated on Tuesday, January 3, that they had decreased their price target on BCE shares from C$68.00 to C$66.00.
Barclays decreased their price objective on BCE shares from $48.00 to $47.00 and rated the company as “equal weight” in a research report published on Monday, January 9 by Barclays.
Two research experts have suggested that investors buy the stock, while five others have stated that investors should keep their holdings the same.
According to Bloomberg.com, the company is currently rated as having an average “Hold” rating, and the price target for the stock has been determined to be $63.48 by consensus.
BCE, INC is a multinational conglomerate in the telecommunications and media industries.
The company serves residential, commercial, and wholesale clients with its communication services.
All three categories of customers are catered to by BCE.
It does so under the auspices of three separate businesses, namely Bell Wireless, Bell Wireline, and Bell Media, each of which is responsible for its operations.
Bell Wireless can provide its customers in the home and business markets with integrated digital wireless voice and data communications products and services.
These customers can benefit from Bell Wireless.