BCE Inc T.BCE.PR.E

!!!!,,,,,DOWN 2.5%%% on Ex Dividend Date........!!!!!!!!

[Red_Deer]

Looks like a LOT of Investors are GIVING UP on BCE eh ??????

T:BCE - BCE INC. - https://www.bce.ca

14:53:31 EST

Sym-X	Bid - Ask					Last	Chg	%Ch	Vol	$Vol	#Tr	Open-Hi-Lo	Year Hi-Lo	Last Tr	News	Delay
BCE - T  ATS	0.5	53.91	·	53.92	1.6	53.915	-1.405	-2.5	3,124.4	168,353	18,791	54.35  54.62  53.85	65.66  49.565	14:32:40	Dec 11	15 min RT 2¢
TSX - T	0.5	53.91	·	53.92	1.6	53.91	-1.41	-2.5	1,750.7	94,447	9,099	54.35  54.62  53.85	65.66  49.565	14:32:36		15 min
NEO ATS - U						53.915	-1.405	-2.5	262.1	14,093	2,046	54.37  54.58  53.85		14:32:40		15 min
Alpha - A						53.91	-1.41	-2.5	189.2	10,208	845	54.38  54.59  53.85		14:32:25		15 min
Omega - O						53.91	-1.41	-2.5	45.1	2,426	363	54.43  54.58  53.86		14:32:18		15 min
Pure - P						53.915	-1.405	-2.5	25.4	1,348	541	54.44  54.44  53.87		14:31:36		15 min
Chi-X - X						53.91	-1.41	-2.5	601.4	32,437	2,347	54.36  54.61  53.855		14:32:36		15 min
CX2 - H						53.91	-1.41	-2.5	74.5	4,006	630	54.45  54.50  53.85		14:32:34		15 min
CXD - D						53.94	-1.38	-2.5	47.4	2,523	1,004	54.30  54.57  53.865		14:25:22		15 min
TriAct - M						55.32			127.9	6,836	1,911			Sep 11-20		15 min
Instinet - I						54.165	-1.155	-2.1	0.2	11	1	54.165  54.165  54.165		11:13:10		15 min
Lynx - Y						54.00	-1.32	-2.4	0.1	5	1	54.00  54.00  54.00		12:43:38		15 min
CS2 - S						54.19	-1.13	-2.0	0.2	13	3	54.26  54.26  54.19		10:28:41		15 min

[HoneyBadger77]

Really?  Nobody is giving up on BCE with a recent BMO analyst target upgrade to $59 and a 7% dividend, not to mention the Fed confirmimg lower interest rates coiming in a few months.  BCE share price is just adjusting for the .97 cent dividend it will be paying out on Jan 15th as it typically does. it's only down about .69 cents right now if you get a quote via RBC Action Direct

[Longholder99]

An analyst on BNN today spent some time talking about how much of a deal BCE.PR.H preferred shares are from a dividend standpoint.  10% div sustainable at a cheap price. The preferreds jumped today right after.  Probably some retailers jumping ship at Market to get over there. 

[autofocus111]

I've only recently been digging into preferreds, so my take here may be wrong, but BCE.PR.H is a floater until the next reset in May 2026. And the yield on par of the fixed rate twin is ony 3.37%. I see no reason to buy this one if you believe the BOC will be cutting rates next year.

[Experienced]

Agreed autofocus....it is far better to buy a preferred with a fixed coupon in a potentially declining interest rate environment.  In this scenario, if interest rates do go down, then the SP of the preferred will go up and thereby increase your total return. In this vein, a I recently bought some ENB.PR.H and currently enjoying a 9% dividend yield on my cost base and a decent (unrealized

[Longholder99]

Perhaps....but in the meantime the preferreds pay 15c a month and didn't drop 2% today.  9.96% div.  Rates have to drop 3% to even that out with the common shares.  Which I'm also hanging on to.  

[Experienced]

Longholder...up to you and depends on how long your hold is in terms whether there are better preferreds.  IMO since the BCE H  preferreds are floating you are less likely to get some capital gains as interest rates go down compared to a fixed rate preferred. The commons have been a long term hold of mine and I picked up some more this afternoon.

[Longholder99]

I see your point and a good exit strategy is in all smart investors minds 100%.  I don't think the rates will drop that quickly until maybe mid summer and institutional ownership on these preferreds is long term thing....not a huge float so trading doesnt move like lightning.  Today the 4% I didn't lose on the BCE shares I sold to by the preferred shares (I still hold a decent

[Experienced]

Longholder...yes for sure money can be made holding fixed income at times like this....I employed this strategy when I was still a financial advisor back during the Great Recession in 2008/09 (retired in 2010) and am doing the same now in prep for a possible recession next year. I guess my point is...not to sound preachy....but at times like this you can do better not holding a preferred with a

[Longholder99]

Thanks Experienced.  Very sound and thoughtful advice.  Appreciated.

[Experienced]

Longholder...thanks....

[1condor]

I will be all over this stock below 50. That would be a gift.

[Experienced]

Yep condor....if it does I will overweight and sell the extra later for a profit 

[1condor]

Technical analysis says it will bounce at 50.75. So getting it below 50 dollars may be pushing it.

[1condor]

Stock slowly grinding its way down to that 50.75 support level.

[1condor]

Dont we all just love year end. Large swings and opportunities abound within the volatility. BCE is still slowly griding its way down to the support of 50.75. Talk of a divvy cut is BS...never happen. In fact BCE will raise its divvy through 2024.  

[Red_Deer]

HoneyBadger__Some brokers such as your RBC TAKE OFF the Dividend Amount and  THUS show a REDUCED Previous Day Closing Price on the Ex DIVIDEND Day. So 55.32 WAS the Previous Day Closing Price__MINUS the 97 Cent Dividend = 54.35 Comment by HoneyBadger77on Dec 14, 2023 3:31pm 78 Views  Post# 35785310 RE:!!!!,,,,,DOWN 2.5%%% on Ex Dividend Date........!!!

[HoneyBadger77]

Well  Red_Deer, if RBC does infact adjust the Previous Close price to reflect the Div payment I've never noticed it before with any other stocks and you'd think that the RBC representative I spoke with would know that, yet he was just as perplexed by it as I was. The interesting thing was that the RBC charts still showed the correct $55.32 close but the quotes data showed a $54.35

[Quintessential1]

Looks like you're still a dumb hoser with a stuck caps lock key eh! GLTA