BCE, Inc. (BCE) to Issue Quarterly Dividend of C$0.44 on January 15th

BCE, Inc. (NYSE:BCE) (TSE:BCE) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Monday, December 15th will be given a dividend of 0.4375 per share by the utilities provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Monday, December 15th.

BCE has decreased its dividend by an average of 0.0%per year over the last three years. BCE has a dividend payout ratio of 66.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BCE to earn $1.94 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 64.4%.

BCE Stock Performance

Shares of BCE stock traded up $0.29 on Friday, hitting $23.69. The company had a trading volume of 3,783,320 shares, compared to its average volume of 2,715,965. BCE has a twelve month low of $20.28 and a twelve month high of $26.01. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 1.81. The firm has a market cap of $22.10 billion, a P/E ratio of 4.93 and a beta of 0.61. The company has a 50-day moving average price of $23.32 and a 200-day moving average price of $23.44.

BCE (NYSE:BCE) (TSE:BCE) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. BCE had a return on equity of 17.35% and a net margin of 25.62%.The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same period last year, the business earned $0.75 earnings per share. BCE’s quarterly revenue was up 1.3% on a year-over-year basis. BCE has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, equities research analysts predict that BCE will post 1.94 earnings per share for the current fiscal year.

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.