BCE Inc. (BCE.TO)

BCE vs. ATT. Stock performance has been similar over last year. Comes down to the wireless space. For ATT, it’s the only thing they do, whereas with BCE it’s only one thing they do. In Canada, there’s more runway for wireless growth. He’d go with BCE, good dividend and cash flow. It’s a little early to own high dividend names, but once interest rates start falling, these names will look interesting.

She holds this for some of her income investors, and she likes the yield. It has a consistent record of increasing dividends. The stock price has pulled back with rising interest rates as have other telecom companies. The dividend is safe, and she expects the business to grow by 4 to 6% per year. Yield 6%.

The dividend is safe and should grow over time. They are seen as interest rate sensitive and so have underperformed this year. In a more difficult market environment, this could regain favour with investors, so hang on to it.

He would not sell it. It lacks growth. They are well positioned as a media company. It has pulled back because of a lack of interest. He thinks they will make acquisitions over the next 18 months. This one does not provide a lot of excitement for investors.

Getting hurt because it’s boring, and interest rate increases are making people sell. Not a lot of upside from here. If you have a long term horizon and you just want income, great stock. But not if you worried about the capital gain/loss.

He likes it here. It should be at the mid-$60s. It is a decent buy around here. The earnings are catching up to the dividend payout ratio. The dividend is 4.7%.

He used to own it and finds it interesting now. It's had a big pullback. It's a little levered, but it enjoys an oligopoly in Canada. Don't expect the rate of growth in the past, but it's worth looking at now.

Defensive play, so doesn’t suffer same seasonal fluctuations. Can be a good place to hide in the summer. Best time to own is December 6 to March 13, even though that’s risk-on for the market. Pullback starting to base. Support at $53 would be a good risk-reward point, and also provides a tight stop. Moving averages are rolling over. Seeing lower highs and lower lows.

A fine CEO, but in a tough business with pressure on margins and growing competition. Pays a good yield. But he sees more growth at Rogers and maybe Shaw. Canadian telcos are moving into a slow-growth phase, but with the dividend they remain a safe play.

For long term capital stability, this is a good entry point. Great dividend yield. Multiple on the lower side. He prefers Rogers Communications (B) (RCI.B-T). (Analysts’ price target is $59.61)

He'd add to a position. Telecoms have sharply improved performance and volumes vs. TSX in recent weeks after a sideways consolidation in past weeks. BCE lags its peers but has a strong dividend. Definitely seeing improvement in
BCE.

Buy more now for defense and income? Yes. He’s added to it in this weakness. It’s at a great level. Ahead of the game in 5G investment and well positioned going forward. 7.5% free cash flow yield. Yield of 5.5%

(A top pick June 6/18, up 1%) A very attractive yield on what normally is a very stable stock. Concerns of demands on wireless are overblown. Has been beaten up somewhat because of higher rates. He sees it improving over the next year. Still sees it as a buy. Yield is about 5.5%

He sold it half a year ago to raise more cash and get more cash flow outside Canada. He likes their business model of moving into data management, which will eventually pay out but not now. Look elsewhere for now.

If you are holding this for the dividend it is probably safe to continue to do so. They will continue to raise prices in internet and they should be able to protect earnings that way. If it trades back to $60 he would consider selling, in the meantime he would continue to hold.