Post by
Contrarian333 on Nov 13, 2024 8:23am
Dividend
I realize that it is the Board of Director's that declares the dividend but they don't act in isolation but rather on input from Management. Management has just published a 3rd Q presentation which has a slide that states the following:
"Maintaining the annual BCE common dividend at the current level of $3.99 per share for 2025"
(Slide 10)
If I were Management and if I were on the Board I would have thought long and hard about publishing that statement if I thought I was actually going to cut the dividend for 2025. Things change, and s**t happens and Managements and Boards do stupid things but my bet is the dividend stays as is unless there is a rapid decline in their business during 2025.
Comment by
CHECKMATE77 on Nov 13, 2024 8:44am
Years ago o owned vet, a high dividend paying oil company. It ran into difficulties but mgt kept saying the dividend is safe. Over and over again until it wasn't, then boom ....cut
Comment by
newcoin on Nov 13, 2024 9:19am
Okay, but BCE is not an oil and gas poducer and it's been around for many decades. They have the reputation to support and means with which to do so.
Comment by
newcoin on Nov 13, 2024 8:45am
I completely agree with you. The dividend is safer than safe, at least until through the end of 2025. BCE will not cut their dividend. Don't listen to the scammers. All of the professionals know that BCE will not cut before the end of 2025 at the earliest. You can take it to the bank.