BCE Inc T.BCE

Dividend Increase

[pierrelebel]

Yes, I expect an announcement of a dividend increase tomorrow on common shares

$1.00 a share seems just about right!

[cajansurfer]

I agree, which is about 3.14% increase.

[savyinvestor333]

How long can they go on paying more than they make? I like the raise but???

[Eastbank]

That's why they're cutting 4500 jobs!

[Eastbank]

Correction...make that 4800 jobs cut!

[JayBanks]

  So the dividend costs them 3.639B, Free Cashflow is around 3B, and they have 5.8B in available liquidity... so maths say a little over 9 years should all things stay the same... It seems like post 2024 after all the severances are paid, on lower capex for employee heads and infrastructure, FCF and the dividend cost should be pretty close to in line, not to mention interest rates fall

[Torontojay]

The Canadian economy is strong.  What recession? C'mon guys, only 4,800 workers laid off. What's the big deal? ( insert sarcasm )

[nedstar71]

Yup, shoulda bought Telus instead

[Eastbank]

You can stll buy Telus...at these levels it's cheap!

[cajansurfer]

Telus cut 6000 jobs last August and there was hardly a comment. Now Justin Trudeau has the gall to call BCE decision garbage.

[meritmat]

And Bell will give him the big middle finger like Loblaws did.   Note to Justin.  Keep your nose out of business you moron,

[nedstar71]

Turdeau calling something garbage is like the pot calling the kettle blackface.  Maybe if he'd stop over subsidizing the CBC, real companies might stay the course.  As it is, he has made Canada a cesspool where businesses go to die.

[1condor]

big question today...how low will the SP go. I added a few today at 50.75. Will likely wait to add more  and hope the sellers drive it into the 40's. 

[JayBanks]

Well that didn't go the way I expected lol... Glad I didn't add more than 50 shares I wanted or sell a Put option like I was mulling over... I thought we would see 5% increase and a mild price rise. The CAPEX reduction due to upgrading was expected as they told us that plan a while ago, the layoffs didn't surprise me either. I haven't really dug in beyond the headlines yet to

[Annick2020]

Looks like support at around the 50 mark. The plunge in 2020 was an anomaly as with any other stock.  How low you say?  I'd definitely be adding here.  Bce is doing what it needs to, this is not going out of business, far from it.  And I always enjoy receiving dividends.

[Dibah420]

Spot on,P.L.

[Yanner911]

8% div at 50$. Count me in.