Topic: How To Invest

Dividend Advisor Hotline – Friday, June 11, 2021

Article Excerpt

BCE INC., $61.66, 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. It owns 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 5.7%. The Canadian Radio-television and Telecommunications Commission (CRTC) recently reversed a prior decision to cut the rates that large telecom providers charge smaller Internet service providers to access their high-speed networks. BCE will use the expected bump in cash flow to accelerate its plan to build out its fibre-optic network and ultrafast 5G wireless infrastructure. The company will now earmark between $1.5 billion and $1.7 billion to those projects over the next two years. That’s up from its original plan to spend $1.0 billion to $1.2 billion. As a result, BCE will spend a total of $14 billion on its…

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