BCE is ready to add to your 12% gain

Article Excerpt

BCE, which investors sometime refer to as “Ma Bell,” is still thought of as a slow-growing, low-risk “widow-and-orphan” stock. However, the company now gets most of its revenue from faster-growing unregulated businesses like wireless and high-speed Internet services. That has helped it compete as more people cancel their landline phone service. The shift is also adding value for investors. Moreover, the company is using its expanding media holdings (CTV, Crave and HBO) to attract new cable and streaming customers. Its new investments in ultrafast 5G wireless networks enhance the appeal of those services and also position the company for strong growth in the years to come as more devices connect to the Internet. Thanks to those growth drivers, BCE has raised your dividend each year since 2008—including a 5.0% rise in 2020. In that sense, it retains its Ma Bell reputation for dependable, solid income. The stock is also a great pick for your new buying at a moderate 18 times its…