BCE Inc. (BCE.TO)

Likes it. Core position. Free cash flow yield is about 8%, whereas Telus and Rogers are around 5-6%. Has room to increase dividend. Bell spending millions to get fibre to the home. This is a transitional move that will get market share from the cable companies. Good balance sheet, great management. Trades at lower end of EV to EBITDA. Has underperformed other Telco’s for last 6 months. Best growth profile and best dividend profile.

Is it a good long-term hold? The payout ratio is 85% and creeping up which it is not that great for dividend growth. He doesn’t see a lot of growth in this name in terms of earnings. Maybe a little on cash flows. Valuation is reasonable. It wouldn’t be the preferred name in the space.

He has taken a 10% weighting in this in the portfolio. He likes the technical basing and is expecting good news with the next earnings report in early August. Very good risk-reward and a good defensive holding. Yield 5.4%. (Analysts’ price target is $59.22)

Company that operates in a semi-monopoly business. Not a growth business. They are growing in the high-speed internet side. As long as nothing comes from the technology side to disrupt the whole space, the company is safe for an income portfolio. It will be fine given the 5% plus yield.

He likes the company, but Canadian telecoms have struggled. Broadcast revenues are in weak and global smartphone sales are hitting saturation. Also, bond yields are hitting defensive stocks like these. He's holding. No major alarm bells. Yield makes him comfortable. Don't add to your position, but look at U.S. telecoms or their ETFs.

Good, safe yield. Stock down from its high, seems to have bottomed. From technical standpoint, not a lot of downside. No concerns about earnings prospects, heads-up management. Good time to add to your portfolio for yield. Overreaction to interest rates going up. You need that cash flow, and this is a good cash flow company. Yield is 5.5%. (Analysts’ price target is $59.22.)

He owns this and recommends it as a holding you can feel comfortable with over the long term. It has a low beta with the market, which makes it less volatile during downturns. The stock has appreciated like a small, riskier growth stock. He likes the dividend and expects 2-3% share appreciation annually. Yield 5%. (Analysts’ price target is $59)

Pays about a 5% yield. Offers 2-3% yearly growth. It's the quintessential yield stock. You buy and hold this for the dividend.

At current levels, he'd buy. Twice in the past few years it has fallen to the current support level. 5.6% dividend yield.

Nice beautiful dividend. Continue to find ways to grow it. Payout ratio 85% is a little stretched. EPS growth is limited. Trading at 15 times. You would have better growth in other Telco’s. He wouldn’t put fresh money into it now.

If you want to replace it, he would look at ZWU-T because it gives you all the Telco's. It gives you a couple in the US as well as pipelines and utilities. He is not looking for a lot more downside. It pays north of 6%.

They will be benefiting for decades to come so it is a good time to buy Telcos in Canada in general. T-T is a pure play and BCE-T isn't a pure play but he owns both. BCE-T have the best assets in Canada. He shied away from Rogers (RCI.B-T). There is churn and customer service that has to be improved. When it is beaten up it is probably not a bad time to buy it but he prefers the other two companies.

The stock is well-positioned, though wireless demand has slowed. Average use per user has grown, which is a good sign. Pays a dividend above 5%. (Analysts' price target: $59.50)

A defensive stock (and sector) that too many investors have crowded into, thus pressuring the stock down. He'd avoid it.

There is going to be some growth in book value and therefore shareholder value growth this year. After it pays out the dividend, there is not much left over. It is getting close to 2.5 times book value ($50.51) which is a bottom for it. It will be at an attractive technical position and he would buy it there. The dividend is pretty safe.