Losing Focus on this 144 yr Old BCE-Yield at Highest LevelsBCE, otherwise known as the The Bell Telephone Company of Canada founded in 1880 and in business ever since only getting publicly listed in 1975.
It's considered the Dividend Aristocrat probably not just because it has always paid its dividend without ever cutting it, but because it's one of the most important and vital telecommunications infrastructure company in Canada with coverage in the US through its subsidiary Bell Mobility.
As for the current trading. It's at a ridiculously low price in regards to its Dividend/Yield and here's why. No matter what the critics say, BCE's Dividend is safe, sustainable and covered by its operating cash flows.
Historically, BCE's Yield has been around 4% and as high as 5%. Today, it's at the highest level it's ever been at nearly 8.2%, nearly double the overall average to yesterday's closing price.
Don't be fooled by the market over-reaction and don't get fooled into selling this Blue Chip stock near its historic lows in relation to its Yield as it is just temporary in the overall picture.
Just look at the Institutions holding nearly 46% of its outstanding shares. They consist of all the Major Canadian Banks and Large Institutions.
Trade it if that's what you do, but try to buy low, not sell low. Just my few cents.