07:45:48 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 865,611,188
Close 2016-02-04 C$ 57.51
Market Cap C$ 49,781,299,422
Recent Sedar Documents

Globe says BCE decreases Q4 earnings

2016-02-05 08:45 ET - In the News

The Globe and Mail reports in its Friday edition that BCE posted fourth-quarter earnings in line with analyst expectations Thursday, announcing plans to raise its dividend. The Globe's Christine Dobby writes, however, that profit dipped 8.5 per cent to $496-million or 58 cents a share due to higher severance and acquisition costs in the last three months of 2015. BCE said it incurred $120-million in costs related mainly to "workforce restructuring initiatives." The company's Bell Media division told the federal government in early November that it planned to cut 380 jobs in Toronto and Montreal and also made further cuts in other offices and bureaus from Ottawa to Vancouver. Chief executive officer George Cope blamed the effect of new CRTC rules involving "pick-and-pay" rule changes that will force television providers to offer $25 "skinny basic" packages by March 1 and eventually allow customers to pay for only the individual channels they want to add to that basic bundle. Revenue across all of the company's divisions was up 1.4 per cent to $5.6-billion, also in line with estimates. BCE also said Thursday that it is increasing its annual dividend by 5 per cent, or 13 cents, to $2.73 a share.

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