Opinion from US 9. BCE Inc. (NYSE:BCE)
14-Day RSI As of March 30: 31.3
BCE Inc. (NYSE:BCE) is a Canadian telecommunications and media company, offering services related to wireless communications, internet access, and television. The company's current quarterly dividend comes in at $0.9975 per share for a dividend yield of 8.67%, as of March 30. With 14 years of consistent dividend growth under its belt, BCE is one of the best dividend stocks on our list.
BCE Inc. (NYSE:BCE)'s cash position remained strong in the fourth quarter of 2023. The company generated $2.3 billion in operating cash flow and its free cash flow for the period came in at $913 million.
Insider Monkey's database of Q4 2023 indicated that 19 hedge funds held stakes in BCE Inc. (NYSE:BCE), growing from 15 in the previous quarter. The collective value of these stakes is roughly $85 million.