BCE offers investors a double win

Article Excerpt

BCE keeps rewarding you, our subscribers: over the last decade, you’ve gained 139% and had your dividend increased 13 times. Telecommunications is a competitive business, with the introduction of new unlimited data plans driving down wireless rates. Still, BCE has spent billions on 5G upgrades for its networks. That sets you up for long-term gains as more and more devices connect to the Internet. BCE INC. $62.74, is a buy. The telecom (Toronto symbol BCE; Shares o/s: 898.8 million; Market cap: $56.5 billion; TSINetwork Rating: Above Average; Divd. yield: 5.1%; www.bce.ca) is Canada’s largest traditional telephone service provider: it has 2.9 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. The company also has 3.5 million high-speed Internet users and 2.8 million TV subscribers. In addition, BCE sells wireless services to 9.8 million users across Canada and owns TV and radio stations. The company’s investors continue to benefit from the ongoing improvements to its networks, which help to attract new customers. Thanks to these investments,…