Earn steady income despite turmoil

Article Excerpt

BCE has held up well during the current market tumult: the stock is now up 5% since the start of 2022 compared to the 6.5% decline for the S&P/TSX Composite Index. We feel BCE will continue to move higher over the next few years as it expands its high-speed Internet and 5G wireless networks. Those upgrades will help it attract new customers and hang on to its current users. That steady growth will also give BCE more cash flow to keep raising your dividend annually, as it has done each year since 2008. BCE INC. $68 is your #1 Income Buy for 2022. The company (Toronto symbol BCE; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 911.8 million; Market cap: $62.0 billion; Price-to-sales ratio: 2.7; Dividend yield: 5.4%; TSINetwork Rating: Above Average; www.bce.ca) is Canada’s largest traditional telephone service provider. As of March 31, 2022, it had 2.26 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. BCE also had 3.95 million high-speed…