Topic: How To Invest

Dividend Advisor Hotline – Friday, November 11, 2022

Article Excerpt

BCE INC., $62.53, Toronto symbol BCE, is a buy. The company is Canada’s largest traditional telephone service provider: it has 2.16 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. BCE also has 4.07 million high-speed Internet users and 2.74 million TV subscribers (satellite and fibre-optic). In addition, it sells wireless services to 12.17 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 lifted your quarterly payment by 5.1%, to $0.92 a share from $0.875. The new annual rate of $3.68 yields a high 5.9%. 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. It added 167,798 new wireless subscribers (net of cancellations) under long-term contracts during the quarter ended September 30, 2022, up 46.1% from 114,821 in the year-earlier quarter. BCE also added…