BCE Inc. (BCE.TO)

Telus (T-T) or Bell Canada (BCE-T)? He owns both. They are very similar, especially in the Canadian marketplace given how small the market is. You can own both. It's the idea of having some diversification in the portfolio. Both pay a great dividend and have a history of raising the dividend. The dividend on this is about 4.8%. If yield is important to you, and you are retired, you are likely to lean more towards this because of the greater yield. It has a very low beta, one of the lowest on the TSX. A name you can live with in both good and bad times.

Bell Canada (BCE-T) or Telus (T-T)? He owns all 3 Canadian telcos, because people are addicted to their cell phones, which is why he loves cell phone companies. There has been a little rotation out of interest sensitive companies, but he sees many, many years of earnings growth. Prefers Rogers (RCI.B-T) out of the 3, as he thinks they have better assets and faster growth.

He is confident with it because of the size and scope of its operations. Yield is about 5.1% and keeps rising, even if the stock has not done much. This is the telco to own.

After a very nice uptrend for the last few years, it’s been consolidating sideways for 2 years. There hasn't been any significant price erosion in the last 2 years, which means that it is a continuation of the prevailing trend, which is up. A dividend yielding, low volatility stock, and the investors tend to be more patient. The key support level is somewhere around $57. As long as it stays above that, this is fine.

This company has done a bunch of things very right, but at the inception were considered very wrong. Their capital expenditure will continue to go down, and they don't have the risk profile of Telus (T-T). With their fibre business, they are miles ahead of any of the other telcos. This will slowly give you a good 6%-8% rate of return. Also, they’ve done some very good acquisitions.

It is a good name for a yield. It is a telecom and a utility and so is interest rate sensitive. As rates rise it will start to complete with bonds and preferred shares. Their earnings will continue to grow as will its dividend. It will do well on a relative basis if the market starts to weaken.

If you have a long-term view and want your dividends to grow, this is a company that is going to reward you slowly. The market is tending to favour growthier names, so funds are moving from this company and the telcos. If you see any downward opportunity, then buy it for sure.

Doesn't tend to be a super exciting stock, but the yield is fantastic. Has it in his portfolios to generate a steady cash flow and increases in the dividend over time. The dominant telco in Canada. They continue to show imagination in the things they do. This is a "buy and hold" situation.

There are some structural challenges in wire line telecoms, which historically get tied to interest rates. We have seen the secular long-term low in interest rates in June 2016, and we are unlikely to revisit them. Expect that rates move higher from here. This is not the #1 company he would choose in the group. Prefers Telus (T-T).

Bell, Telus (T-T) and Rogers (RCI.B-T) has 90% of the market share. Great margins for all of them. We are moving more towards a higher margin business of wireless, and away from a phone that you pick up and dial at home. He likes the space. It is a steady type of area, and you are getting a nice dividend. Dividend yield of 4.85%.

(A Top Pick March 28/17. Up 8%.) Has underperformed relative to the sector, but still likes it.

He is more bullish on this because the valuation relative to the sector is cheap. Over the next 2 to-3 years, this company is really going to outperform, and it’s all about the fibre to the home. They are going to hook up about 9 million homes, and are about a 3^rd to a half through. This has a tremendous amount of free cash flow yielding about 6%. Dividend yield of 4.6%. (Analysts’ price target is $62.)

Seasonally this usually does very well in the summer. Technically it is in a trading range, and there is no indication it is about to move above or below that trading range. If it moved above $63.50, that would be very bullish. Below $57 would be quite bearish.

Owns because of its steady growth in income. It steadily grows its dividend every year. It’s not exciting and you’re not going to get rich, but you are not going to get killed either. Like other utilities, it is very interest rate sensitive. If interest rates are going down, these types of stocks tend to do really well. It is a bond alternative. Should be a part of everybody’s portfolio. Dividend yield of 4.7%.

In Canada, more than half your total return comes from dividends. The government has been kind enough to give us a tax break on dividends. In this high tax era, we should take advantage. The company is growing their wireless business and we are all using more data all the time. We are going to be using a lot more data when we all have autonomous cars. Dividend yield of 4.7%. (Analysts’ price target is $62.)