08:09:50 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 848,115,514
Close 2015-08-18 C$ 54.09
Market Cap C$ 45,874,568,152
Recent Sedar Documents

Successful Inv refreshes BCE buy

2015-08-18 22:46 ET - In the News

The Successful Investor, in its August, 2015, issue, refreshes its buy of BCE Inc., recently $55. The Investor said buy 31 times from May, 1995, to March, 2015, at prices ranging from $24 to $198 (the stock split 2 for 1 on May 12, 1997, and 4.2 for 1 on May 3, 2000). Assuming an investment of $1,000 for each of the 31 buys, the $31,000 position would now be worth $83,380. BCE provides telephone, Internet and TV services to Ontario, Quebec and the Atlantic provinces, as well as wireless services across Canada. In the three months ended March 31, 2015, the company earned $705-million on revenues of $5.24-billion. This was up from earnings of $626-million on revenues of $5.1-billion in the same period a year earlier. The company recently paid $29-million for new 2,500-megahertz wireless spectrum under Ottawa's latest auction. It also plans to spend $1.14-billion to increase fibre Internet speeds to one gigabit per second. BCE's long-term debt of $16.6-billion is a manageable 36 per cent of its market cap, and it holds cash of $1.1-billion. The company currently pays an annual dividend of $2.60 a share, which is a high 4.7-per-cent yield. The stock remains a buy.

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