Topic: How To Invest

Dividend Advisor Hotline – Friday, August 6, 2021

Article Excerpt

BCE INC., $63.71, Toronto symbol BCE, is a top pick for 2021. The company is Canada’s largest traditional telephone service provider. It also provides wireless services and high-speed Internet access, in addition to owning TV and radio stations. With the April 2021 payment, BCE raised your quarterly dividend by 5.1%. Investors now receive $0.875 a share instead of $0.8325. The new annual rate of $3.50 yields a high 5.5%. BCE recently agreed to purchase new wireless spectrum from the Canadian government for $2.07 billion. That will help the company accelerate the rollout of its ultrafast 5G wireless networks in urban and rural areas. It expects to offer 5G service to 70% of Canada’s population by the end of 2021. Meantime, the company continues to benefit from strong demand for new mobile phones and high-speed Internet services. As well, the return of live sports has helped boost advertising revenue at its media operations. In the quarter ended June 30, 2021, revenue rose 6.4%, to $5.70 billion…