Topic: How To Invest

Dividend Advisor Hotline – Friday, May 6, 2022

Article Excerpt

BCE INC., $69.50, Toronto symbol BCE, is a buy. The company is Canada’s largest traditional telephone service provider: it has 2.26 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. BCE also has 3.95 million high-speed Internet users and 2.74 million TV subscribers (satellite and fibre-optic). In addition, it sells wireless services to 11.79 million users across Canada and owns TV and radio stations. BCE has raised its dividend rate each year since 2008. The latest increase came in April 2022 when it increased your quarterly payment by 5.1%, to $0.92 a share from $0.875. The new annual rate of $3.68 yields a high 5.3%. The company continues to benefit from strong demand for new mobile phones and high-speed Internet services. It added 34,230 new wireless subscribers (net of cancellations) under long-term contracts during the quarter ended March 31, 2022, up 4.0% from 32,925 in the year-earlier quarter. BCE also added 26,024 (net) high-speed Internet users in the latest quarter, 22.7% from…