Post by
Adventurous on Mar 06, 2024 12:12am
Who cares about the company behind the dividend?
BCE is going through hard times and its CEO admits not having seen coming high rates, inflation, competition, etc., and moved the dividend yet higher... All about the divy. Seems to me BCE painted itself in a corner with this divy-herd mentality.
Sure holders will get paid, this month. But there will be an ex-dividend morning after when the stock might loose more than a dollar as holders rush to the exit. To sustain the dividend, better care about the company than the dividend itself.
Comment by
newcoin on Mar 06, 2024 8:21am
I believe the CEO was referring to the performance and administration of BCE over the last year or so. Not just the last few weeks or a couple of months as they decided the dividend. The decision to raise the dividend was under full knowledge of the present circumstances. They raised it up because they knew they could.
Comment by
Niceneasydoesit on Mar 06, 2024 8:49am
The company is taking action on a number of fronts although, respecting layoffs, they acted to slowly. There is a herd mentalily on all the negativity. That spells opportunity for patient investors