BCE Inc. (NYSE:BCE) (TSE:BCE) announced a quarterly dividend on Thursday, November 1st, Zacks reports. Investors of record on Friday, December 14th will be paid a dividend of 0.574 per share by the utilities provider on Tuesday, January 15th. This represents a $2.30 annualized dividend and a yield of 5.36%. The ex-dividend date is Thursday, December 13th.

BCE has decreased its dividend by an average of 0.9% annually over the last three years. BCE has a payout ratio of 113.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect BCE to earn $2.75 per share next year, which means the company may not be able to cover its $3.02 annual dividend with an expected future payout ratio of 109.8%.

NYSE:BCE traded down $0.19 during midday trading on Friday, hitting $42.80. 1,289,954 shares of the stock were exchanged, compared to its average volume of 948,481. BCE has a one year low of $38.75 and a one year high of $49.06. The stock has a market cap of $38.61 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 4.64 and a beta of 0.34. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.57 and a quick ratio of 0.53.

BCE (NYSE:BCE) (TSE:BCE) last announced its earnings results on Thursday, November 1st. The utilities provider reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. BCE had a return on equity of 18.73% and a net margin of 12.13%. The firm had revenue of $5.88 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts expect that BCE will post 2.65 EPS for the current year.

Several research analysts have issued reports on BCE shares. TD Securities reaffirmed a “hold” rating on shares of BCE in a report on Wednesday, October 24th. Royal Bank of Canada reaffirmed a “hold” rating on shares of BCE in a report on Friday, November 2nd. Desjardins raised BCE from a “hold” rating to a “buy” rating in a report on Thursday, October 18th. ValuEngine raised BCE from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Finally, Scotiabank raised BCE from a “sector perform” rating to a “buy” rating in a report on Wednesday, October 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.50.

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BCE Company Profile

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.

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Dividend History for BCE (NYSE:BCE)

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