03:32:01 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 839,608,247
Close 2014-11-11 C$ 51.87
Market Cap C$ 43,550,479,772
Recent Sedar Documents

Globe says BCE boasts dividend-growth staying power

2014-11-12 06:57 ET - In the News

The Globe and Mail reports in its Wednesday edition if you look carefully, you can find dividend stocks that offer both an above-average yield and a growing dividend. The Globe's John Heinzl writes he has identified four Canadian stocks that yield more than 4 per cent and have a history of raising their dividend. One of these, BCE, yields 4.8 per cent. The telco recently announced third-quarter earnings that topped expectations, driven by strong growth in its wireless, Internet and Fibe TV businesses. In wireless, it added 91,000 postpaid subscribers and the average revenue per user (ARPU) jumped 5.9 per cent as people consumed more data on their smart phones. In Internet and Fibe TV, it added 50,000 and 62,000 customers, respectively. "We believe BCE has the assets and funding in place to continue to deliver mid-singledigit earnings growth, which should support its 5-per-cent dividend growth model over the next couple of years," Desjardins Capital Markets analyst Maher Yaghi said in a note. Look for another dividend increase early in 2015. Mr. Heinzl adds he expects BCE will continue hiking dividend payments for years to come. BCE closed Tuesday at $51.87, up 14 cents on the Toronto Stock Exchange.

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