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BCE Inc T.BCE

Alternate Symbol(s):  BCE | T.BCE.PR.A | BCPPF | T.BCE.PR.B | T.BCE.PR.C | BCEPF | T.BCE.PR.D | T.BCE.PR.E | BCAEF | T.BCE.PR.F | T.BCE.PR.G | T.BCE.PR.H | BECEF | T.BCE.PR.I | T.BCE.PR.J | T.BCE.PR.K | BCEXF | T.BCE.PR.M | T.BCE.PR.N | T.BCE.PR.Q | T.BCE.PR.R | BCEIF | T.BCE.PR.S | T.BCE.PR.T | T.BCE.PR.Y | BCEFF | T.BCE.PR.Z | T.BCE.PR.L

BCE Inc. is a Canada-based communications company. The Company provides wireless and fiber networks. The Company operates through one segment: Bell Communication and Technology Services (Bell CTS). Bell CTS segment provides a range of communication products and services to consumers, businesses and government customers across Canada. Its wireless products and services include mobile data and voice plans and devices and are available nationally. Its wireline products and services comprise data (including Internet access, Internet protocol television (IPTV), cloud-based services and business solutions), voice, and other communication services and products, which are available to its residential, small and medium-sized businesses and large enterprises customers primarily in Ontario, Quebec, the Atlantic provinces and Manitoba. This segment includes its wholesale business, which buys and sells local telephone, long-distance, data, and other services from or to resellers and other carriers.


TSX:BCE - Post by User

Post by TELEMARKERon Dec 23, 2024 10:10am
230 Views
Post# 36374949

stockwatch.com

stockwatch.com

Globe says BCE hears analyst calls to cut the dividend

2024-12-23 09:33 ET - In the News

The Globe and Mail reports in its Saturday edition that BCE has attracted more analyst downgrades this week, and some are calling for a cut to the company's dividend. The Globe's Irene Galea writes that in a note to investors late Thursday, Bank of Nova Scotia analyst Maher Yaghi said BCE should cut its dividend in half and quash its dividend reinvestment plan in order to turn around its financial challenges. "Let's call a spade a spade. BCE does not have a FCF problem; it has a payout ratio one," Mr. Yaghi said, referring to the company's dividend payments exceeding its free cash flow. "Without tackling this pain point, we believe all other medications will end up treating the symptoms but not truly tackling the root cause." He acknowledged that while a cut might initially be "painful," it would build a stronger foundation long term. In November, BCE announced it was acquiring U.S.-based fibre Internet provider Ziply Fiber and said that it was putting dividend hikes on hold at an annual payment of $3.99 for all of 2025. Since then, the company's shares have dropped by about 25 per cent, and the stock is down around 38 per cent year-to-date. As of Friday, is shares at $33.28 are at their lowest point since 2010.

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