RE: RE: New higher targetAt C$37.25, the PE ratio would be ~14, the dividend yield would be just under 5%.
BCE currently pays a quarterly dividend of C
.4575. In June 2006, it paid C
.33. The dividend has grown over 5 years by 38.6% or a 6.8% compounded annualized growth rate. Rob Carrick reports that analysts see BCE's dividend growing by 3% to 5% per annum going forward.
I am not surprised to see Maher Yaghi bump up his rating and price target for BCE. I understand he has a C$37.50 price target and a hold rating for Quebecor. Current price is C$34.23.