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BCE Inc (2)
Symbol BCE
Shares Issued 865,611,188
Close 2016-01-26 C$ 55.51
Market Cap C$ 48,050,077,046
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Globe says you can bank on BCE's dividends

2016-01-27 08:24 ET - In the News

The Globe and Mail reports in its Wednesday edition that BCE's dividends are something investors can rely on. The Globe's John Heinzl, writing in Strategy Lab, says that few experts could have predicted Friday's 3-per-cent rally on the Toronto Stock Exchange, or Monday's 2-per-cent drop. However, there is one aspect of investing that is predictable: dividends, which he calls models of stability even as stock prices rise and fall with every economic and political headline. BCE at $55.51 yields 4.7 per cent. BCE posted strong third-quarter results in November, as it led the Big Three in postpaid wireless subscriber additions and growth in average revenue per user. In keeping with BCE's recent pattern, Mr. Heinzl figures the company will raise its dividend when it announces fourth-quarter earnings and provides its annual outlook on Feb. 5. Over the past three years, the dividend has grown at an annual rate of 5.4 per cent, and Bloomberg believes BCE will boost the dividend to 68 cents a quarter from 65 cents. He adds that owning shares of BCE (or of Rogers Communications or Telus, both of which also increase their dividends regularly) is a great way to fight back against rising wireless and Internet bills.

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