bce
BCE Inc., an abbreviation of its former name Bell Canada Enterprises Inc., is a publicly traded Canadian holding company for Bell Canada, which includes telecommunications providers and various mass media assets under its subsidiary Bell Media Inc. Founded through a corporate reorganization in 1983, when Bell Canada, Northern Telecom, and other related companies all became subsidiaries of Bell Canada Enterprises Inc., it is one of Canada’s largest corporations. The company is headquartered at 1 Carrefour Alexander-Graham-Bell in the Verdun borough of Montreal, Quebec, Canada.
BCE Inc. is a component of the S&P/TSX 60 and is listed on the Toronto Stock Exchange and the American-based New York Stock Exchange.
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BELL ALIANT INC. $27 (Toronto symbol BA, Conservative Growth Portfolio, Utilities sector; Shares outstanding: 227.8 million; Market cap: $6.2 billion; Price-to-sales ratio: 2.2; Dividend yield: 7.0%; TSINetwork Rating: Average; www.bellaliant.ca) ells telephone and Internet services to 2.5 million customers in Atlantic Canada, as well as rural parts of Ontario and Quebec. It also sells wireless services through an alliance with BCE, which owns 45% of Bell Aliant. The company continues to replace its copper-wire cables with fibre optic lines. This lets it sell more high-speed Internet and digital TV subscriptions, and offset declining sales of its regular phone services, which still supply 60% of its revenue. Bell Aliant expects to spend $550 million to $600 million on network upgrades in 2012, compared to $573 million in 2011. Its fibre optic systems now reach 621,000 homes. The company plans to increase that to 650,000 by the end of 2012....
BCE INC. $43.66 (Toronto symbol BCE; Shares outstanding: 773.9 million; Market cap: $33.8 billion; TSINetwork Rating: Above Average; Dividend yield: 5.2%; www.bce.ca) has failed to win regulatory approval for its $3.4-billion deal to buy Astral Media Inc. (Toronto symbols ACM.A and ACM.B). Montreal-based Astral owns 22 TV stations, 84 radio stations and several pay TV and specialty channels, such as the Movie Network, Family Channel and Teletoon. It also owns billboards and sells other outdoor advertising in Quebec, Ontario and B.C. Regulators felt the purchase would give BCE a 45% share of the English TV broadcast market and that this would hurt competition....
ISHARES DOW JONES CANADA SELECT DIVIDEND INDEX FUND $20.77 (Toronto symbol XDV; buy or sell through brokers; ca.ishares.com) holds 30 of the highest-yielding Canadian stocks. Its selections are based on dividend growth, yield and payout ratio. The weight of any one stock is limited to 10% of its assets. The fund’s MER is 0.50%. It yields 4.6%.
The fund’s top holdings are CIBC, 7.1%; National Bank, 5.8%; TD Bank, 5.6%; Bank of Montreal, 5.3%; Bonterra Energy, 4.8%; Royal Bank, 4.6%; Telus Corp., 4.6%; Bank of Nova Scotia, 4.3%; BCE Inc., 4.1%; and AG Growth International, 4.0%.
The fund holds 54.4% of its assets in financial stocks. Utilities are next, at 21.2%. The top Canadian finance stocks have sound prospects. However, if you invest in this ETF, be sure to adjust the rest of your portfolio so it won’t be overly concentrated in the financial sector.
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The fund’s top holdings are CIBC, 7.1%; National Bank, 5.8%; TD Bank, 5.6%; Bank of Montreal, 5.3%; Bonterra Energy, 4.8%; Royal Bank, 4.6%; Telus Corp., 4.6%; Bank of Nova Scotia, 4.3%; BCE Inc., 4.1%; and AG Growth International, 4.0%.
The fund holds 54.4% of its assets in financial stocks. Utilities are next, at 21.2%. The top Canadian finance stocks have sound prospects. However, if you invest in this ETF, be sure to adjust the rest of your portfolio so it won’t be overly concentrated in the financial sector.
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ISHARES S&P/TSX 60 INDEX FUND $17.71 (Toronto symbol XIU; buy or sell through brokers; ca.ishares.com) is a good, low-fee way to buy the top stocks on the TSX. The units are made up of stocks that represent the S&P/TSX 60 Index, which consists of the 60 largest, most heavily traded stocks on the exchange. Expenses are just 0.17% of assets.
The index mostly consists of high-quality companies. However, as the fund must ensure that all sectors are represented, it holds a few stocks we wouldn’t include.
The index’s top holdings are Royal Bank, 7.4%; TD Bank, 6.8%; Bank of Nova Scotia, 5.8%; Suncor Energy, 4.5%; Barrick Gold, 3.7%; CN Railway, 3.5%; Bank of Montreal, 3.4%; Potash Corp., 3.3%; Goldcorp, 3.3%; BCE Inc., 3.1%; Canadian Natural Resources, 3.0%; TransCanada Corp., 2.9%; CIBC, 2.8%; Enbridge, 2.8%; Cenovus Energy, 2.4%; and Telus Corp., 1.8%.
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The index mostly consists of high-quality companies. However, as the fund must ensure that all sectors are represented, it holds a few stocks we wouldn’t include.
The index’s top holdings are Royal Bank, 7.4%; TD Bank, 6.8%; Bank of Nova Scotia, 5.8%; Suncor Energy, 4.5%; Barrick Gold, 3.7%; CN Railway, 3.5%; Bank of Montreal, 3.4%; Potash Corp., 3.3%; Goldcorp, 3.3%; BCE Inc., 3.1%; Canadian Natural Resources, 3.0%; TransCanada Corp., 2.9%; CIBC, 2.8%; Enbridge, 2.8%; Cenovus Energy, 2.4%; and Telus Corp., 1.8%.
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BCE INC. $43.43 (Toronto symbol BCE; Shares outstanding: 773.9 million; Market cap: $33.6 billion; TSINetwork Rating: Above Average; Dividend yield: 5.2%; www.bce.ca) is Canada’s largest provider of telephone, Internet and wireless services. It also sells satellite TV services across the country. The company just bought Canadian radio and TV giant Astral Media for $3.4 billion.
In the three months ended June 30, 2012, BCE’s earnings per share rose 18.6%, to $1.02 from $0.86 a year earlier. Revenue fell 0.6%, to $4.9 billion from $5.0 billion. Revenue at the traditional telephone business, which supplies 57% of BCE’s overall revenue, fell 3.9%, partly due to strong competition from cable companies.
However, some of BCE’s land-line clients are switching to mobile phones, which are more profitable for the company. That helped fuel a 6.7% revenue increase at the wireless division (31% of total revenue). Revenue at BCE’s media division (12%) rose 0.9%.
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In the three months ended June 30, 2012, BCE’s earnings per share rose 18.6%, to $1.02 from $0.86 a year earlier. Revenue fell 0.6%, to $4.9 billion from $5.0 billion. Revenue at the traditional telephone business, which supplies 57% of BCE’s overall revenue, fell 3.9%, partly due to strong competition from cable companies.
However, some of BCE’s land-line clients are switching to mobile phones, which are more profitable for the company. That helped fuel a 6.7% revenue increase at the wireless division (31% of total revenue). Revenue at BCE’s media division (12%) rose 0.9%.
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BCE INC., $42.86, Toronto symbol BCE, has failed to win regulatory approval for its $3.4-billion deal to buy Astral Media Inc. (Toronto symbols ACM.A and ACM.B). Montreal-based Astral owns 22 TV stations, 84 radio stations and several pay TV and specialty channels, such as the Movie Network, Family Channel and Teletoon. It also owns billboards and sells other outdoor advertising in Quebec, Ontario and B.C. Regulators felt the purchase would give BCE an overwhelming share of the TV broadcast market, which would hurt competition....
We still think safety-conscious investors should focus on shares of well-established companies with strong businesses. The best of these stocks offer an attractive combination of low p/e ratios, steady or rising dividends and promising growth prospects. BCE has raised its dividend eight times since December 2008. The stock now yields a high 5.2%. It is also inexpensive in relation to BCE’s earnings. BCE INC. $43.43 (Toronto symbol BCE; Shares outstanding: 773.9 million; Market cap: $33.6 billion; TSINetwork Rating: Above Average; Dividend yield: 5.2%; www.bce.ca) is Canada’s largest provider of telephone, Internet and wireless services. It also sells satellite TV services across the country. The company just bought Canadian radio and TV giant Astral Media for $3.4 billion. In the three months ended June 30, 2012, BCE’s earnings per share rose 18.6%, to $1.02 from $0.86 a year earlier. Revenue fell 0.6%, to $4.9 billion from $5.0 billion. Revenue at the traditional telephone business, which supplies 57% of BCE’s overall revenue, fell 3.9%, partly due to strong competition from cable companies....
Most stock markets have risen lately. But as always, they remain subject to unexpected downturns. Even so, the long-term outlook is for higher stock prices. One way to profit from rising markets is to add exchange traded funds (ETFs) that track major stock indexes to your portfolio. ETF’s trade on stock exchanges, just like stocks. Prices are quoted in newspaper stock tables and online. You must pay brokerage commissions to buy and sell ETFs, but their low management fees still give them a cost advantage over most mutual funds....
BELL ALIANT INC. $27.24 (Toronto symbol BA; Shares outstanding: 227.8 million; Market cap: $6.2 billion; TSINetwork Rating: Average; Dividend yield: 7.0%; www.aliant.ca) sells telephone and Internet services to 2.8 million customers in Atlantic Canada, as well as rural parts of Ontario and Quebec. The company also sells wireless services through an alliance with BCE, which owns 43.8% of Bell Aliant. The company’s revenue fell 0.7% in the three months ended June 30, 2012, to $687.7 million from $692.6 million a year earlier. Strong gains from Internet TV (up 79.6%), wireless (up 14.6%) and Internet services (up 5.8%) were offset by declines in local phone service (down 5.4%) and long distance (down 11.6%). Bell Aliant earned $79.3 million, or $0.35 a share, in the quarter. That’s down 5.0% from $83.5 million, or $0.36 a share, a year earlier. If you exclude writedowns and other unusual items, earnings per share fell 2.3%, to $0.42 from $0.43....
BELL ALIANT INC. $27 (Toronto symbol BA, Conservative Growth Portfolio, Utilities sector; Shares outstanding: 229.0 million; Market cap: $6.2 billion; Price-to-sales ratio: 2.3; Dividend yield: 7.0%; TSINetwork Rating: Average; www.bellaliant.ca) sells telephone and Internet services to 2.6 million customers in Atlantic Canada and rural parts of Ontario and Quebec. It also sells wireless services through an alliance with BCE, which owns 44% of Bell Aliant.
The company continues to replace its copper-wire cables with fibre optic lines. That’s letting it sell more high-speed Internet and digital TV services, which are offsetting falling demand for land lines. (Traditional phones still supply 55% of Bell Aliant’s overall revenue.)
The company’s fibre optic systems now reach 574,000 homes. It aims to increase that to 650,000 by the end of 2012.
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The company continues to replace its copper-wire cables with fibre optic lines. That’s letting it sell more high-speed Internet and digital TV services, which are offsetting falling demand for land lines. (Traditional phones still supply 55% of Bell Aliant’s overall revenue.)
The company’s fibre optic systems now reach 574,000 homes. It aims to increase that to 650,000 by the end of 2012.
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