Topic: How To Invest

Dividend Advisor Hotline – Friday, June 12, 2020

Article Excerpt

BCE INC., $57.29, Toronto symbol BCE, is a buy. Through their shares, investors tap Canada’s largest traditional telephone service provider: it has 2.6 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. BCE also has 3.6 million high-speed Internet users and 2.75 million TV subscribers. In addition, the company sells wireless services to 9.98 million users across Canada and owns TV and radio stations. Starting with the April 2020 payment, BCE increased your quarterly payment to $0.8325 a share, up 5.0% from $0.7925. The new annual rate of $3.33 offers investors a high 5.8% yield. The company has now agreed to sell 25 of its data centres in Canada to California-based Equinix Inc. (Nasdaq symbol EQIX). Those buildings house servers and other computer equipment for BCE and those of its 600 business clients. The company will continue to own and operate five other data centres in Toronto, Calgary, Halifax, Saint John and St. John’s. BCE will receive $1.04 billion when it completes the…