Topic: How To Invest

Dividend Advisor Hotline – Friday, February 10, 2017

Article Excerpt

BCE INC., $58.28, Toronto symbol BCE, is Canada’s largest traditional telephone service provider, with 6.3 million customers in Ontario, Quebec and the Atlantic provinces. It also has 3.5 million high-speed Internet users and 2.7 million TV subscribers. In addition, the company sells wireless services to 8.5 million users across Canada, and owns TV and radio stations. Starting with the April 2017 payment, the company will increase its quarterly payment by 5.1%, to $0.7175 a share from $0.6825. The new annual rate of $2.87 yields a high 4.9%. In the three months ended December 31, 2016, BCE added 112,393 wireless subscribers under long-term contracts, net of cancellations. That’s up 23.1% from 91,308 a year earlier. The gain is mainly due to successful promotions during the holiday shopping season. The company also added 54,307 high-speed Internet and Fibe TV customers, net of cancellations. Those gains helped BCE offset a 6.4% decline in the number of traditional telephone customers. As a result, BCE’s revenue in the quarter…