S&P States Div is Safe and Credit Rating Intact If...I hate repeating things, but some here may be a bit frustrated and rightfully so. I bought higher and am down even with the dividend, but some facts need to be understood.
S&P, not me, stated that as long as BCE initiates cost cutting plans, which they have with layoff announcements, saving a net $150-$200 million this year and net $200 million annually thereafter, the dividend should be sustainable.
Plus, they believe that once non-core assets as planned have been sold, the debt will be lowered to a level that will keep BCE's Investment Grade Credit Rating upheld by S&P.
S&P kept BCE Credit Rating unchanged on March 11, 2024 at BBB+ Stable. If it's good enough for S&P then maybe it should be good enough for investors too.