BCE just raised your dividend, again

Article Excerpt

BCE INC. $63 is a buy. Canada’s biggest telecom company (Toronto symbol BCE; Income-Growth Portfolio, Utilities sector; Shares outstanding: 903.9 million; Market cap: $56.9 billion; Dividend yield: 5.3%; Dividend Sustainability Rating: Highest; www.bce.ca) continues to reward investors with higher dividends. Starting with the April 2020 payment, you will receive $0.8325 a share, up 5.0% from $0.7925. The new annual rate of $3.33 offers investors a high 5.3% yield. The company continues to benefit from recent improvements to its wireless and high-speed Internet networks. As a result, BCE now expects its revenue in 2020 to rise by 1% to 3%. It should also earn between $3.50 and $3.60 a share. The stock has gained 7% for investors in the past year. Still, it trades at a reasonable 17.7 times the midpoint of that 2020 earnings range. range…