Topic: How To Invest

Dividend Advisor Hotline – Friday, February 10, 2023

Article Excerpt

BCE INC., $60.82, Toronto symbol BCE, is a buy. The company is Canada’s largest traditional telephone service provider. It has 2.19 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. It also has 4.26 million high-speed Internet users and 2.75 million TV subscribers (satellite and fibre-optic). In addition, it sells wireless services to 12.4 million users across Canada. BCE has raised its dividend rate each year since 2008. The next increase will come in April 2023 when your quarterly payment rises 5.2%, to $0.9675 a share from $0.92. The new annual rate of $3.87 yields a high 6.4%. The company continues to benefit from strong demand for mobile phone service due to the launch of new smartphones and the expansion of its ultrafast 5G wireless networks. In the quarter ended December 31, 2022, BCE added 154,617 new wireless subscribers (net of cancellations) under long-term contracts. That’s up 41.2% from the year-earlier quarter. The telecom also added 63,466 (net) high-speed Internet users, up…