Topic: How To Invest

The Successful Investor Hotline – Friday, September 9, 2022

Article Excerpt

BCE INC., $63.71, Toronto symbol BCE, is your #1 Income Buy for 2022. The company is Canada’s largest traditional telephone service provider: it has 2.21 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. BCE also has 3.98 million high-speed Internet users and 2.72 million TV subscribers (satellite and fibre-optic). In addition, it sells wireless services to 11.90 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 5.8%. The company has now agreed to acquire Ottawa-based Distributel Communications Limited for an undisclosed amount. This privately held firm provides Internet access services in Ontario, Quebec, British Columbia and Alberta. The purchase will bolster BCE’s plan to expand its high-speed Internet and TV services to more areas. However, the deal could face strong…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.