BCE Inc. (BCE.TO)

Is a defensive name. If we are seeing a rotation out of growth names, then BCE should benefit. Dividend yield is good and will continue to grow. There is also stock appreciation potential. 5G rollout will happen in Canada. This is a solid name to own. Yield = 5.76%

Over 10 years, this will be fine. Less than that, you will be unimpressed by the share price, though you'll be collecting a decent 5% dividend. BCE gives you stability, not price appreciation. Over the long term, expect an overall 7-8%
yearly return and there's nothing wrong with that. A low-beta stock long-term.

T-T vs. RCI.B-T vs. BCE-T. Nobody knows which one will do better. The best way to play it in the utility space is ZWU-T, which gives exposure to Telco's, pipelines and utilities. These things are interest rate sensitive so you will not get much capital gains and you have to be cautious.

It plays into the interest rate issue. It will probably get sold with any bounce. There will be a downward bias. This is the one he would pick in this space, although he does not like the space, nor owns anything in it right now. Over the next year there could be good opportunities to pick these things up.

It has had a nice correction and hit the ceiling at its fair market value. It is now trading at technical support and has a good yield. Yield 5.9%. (Analysts’ price target is $59.32)

He added to their position, based on the dividend at these price levels. He likes the cash flow and feels it is simply out of favour.Yield 6%.

Always been a fan, especially for clients who require cash flow. Because of its dividend, it’s considered interest sensitive and it gets sold off. Broad representation of the telecom industry. Management is on the ball. Safety factor is that they’re Canada-wide. Loves the dividend, you’re not looking for a big capital gain. Dividend increase in next year or so is quite likely. (Analysts’ price target is $59.52.)

All of the interest sensitives have been beaten up to some degree. People forget that this is an equity. With rising interest rates you are seeing it selling off. They have more wire-line business that the market does not think is the way of the future. They are doing great things but you have to remember that they are an equity. There will continue to be downward pressure to interest sensitives.

Most investors are waiting for an equity issue. She doesn’t think the stock is going anywhere. Telus (T-T) is a better choice as they have a better balance sheet.

BCE is in a less favorable competitive position relative to their peers. They are on the verge of having to make large capital gains, like into fibre optics. However, they can now do so with better, more efficient technology than their peers. The shares do have the highest dividend yield of any of its peers and this why they hold it. He thinks he would add to positions if it were to drop into the mid-$40 range. Yield 5.7%.

He sold it at $62 a year ago based on chart patterns (it hit $62 three times before). BCE is reaching support in the low-$50s like it is now. He hopes it breaks $60 when he'll sell it again. (5.7% dividend, Analysts' price target: $59.42)

Down 14% YTD. He enjoys using the product. The yield is attractive. We're in a growth environment now as defensive utilities are out, like all telcoms. He added to his position. Patience will pay off. 4.5% dividend

He would hang on to it and maybe buy some more. It is considered a defensive stock. A lot of utility and telecom stocks have come down because of higher interest rates. The dividend is safe and their interest is to grow it.

The PE is around 17 with a payout ratio of 80-90% -- very high for a telco. They are in a good space in Canada and the stock may be impacted by the general move towards bonds. He is fearful of increasing regulation in Canada. The dividend is safe, he feels. Yield 5.8%. (Analysts’ price target is $59)

If you are looking at them at this point in the cycle it can be painful. The fixed income proxies and bond proxies are selling off. If you look at the multiple you will find it is still pretty reasonable. This is different from a newspaper. This is an absolute necessity.