Topic: How To Invest

Dividend Advisor Hotline – Friday, November 8, 2019

Article Excerpt

BCE INC., $63.21, Toronto symbol BCE, is a buy. The company last raised your quarterly dividend with the April 2019 payment by 5.0%, to $0.7925 a share from $0.755. The new annual rate of $3.17 yields a high 5.0%. BCE is Canada’s largest traditional telephone service provider: it has 2.8 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. The company also has 3.5 million high-speed Internet users and 2.8 million TV subscribers. In addition, BCE sells wireless services to 9.8 million users across Canada and owns TV and radio stations. Thanks partly to the recent launch of new unlimited wireless data plans, BCE signed 127,172 wireless customers to long-term contracts (net of cancellations) in the three months ended September 30, 2019. That’s up an impressive 23.5% from the second quarter of 2019. While it’s also down 6.0% from the third quarter of 2018, that year-earlier period benefited from a contract with an agency of the federal government. That agreement…