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Successful Inv says buy BCE

2015-03-05 21:30 ET - In the News

The Successful Investor, in its March, 2015, issue, says buy BCE Inc., recently $56. The Investor said buy 30 times from May, 1995, to September, 2014, 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 30 buys, the $30,000 position would now be worth $83,944. BCE provides telephone, Internet, wireless and TV services across Canada. In November, 2014, the company paid $3.95-billion for the 56 per cent of Bell Aliant that it did not already own. Thanks to this purchase, BCE's earnings rose to 72 cents a share in the three months ended Dec. 31, 2014, from 70 cents a share in the same period a year earlier. Revenues increased to $5.5-billion in the most recent quarter from $5.4-billion a year ago. BCE is seeing strong demand for its TV offerings, including its new CraveTV video-on-demand service. BCE has raised its quarterly dividend to 65 cents a share from 61.75 cents a share. The new annual rate of $2.60 per share is now a high 4.6-per-cent yield. BCE expects to earn $3.28 to $3.38 a share in 2015; the stock trades at a reasonable 16.8 times the midpoint of that range. The stock remains a buy.

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