BCE Inc. (BCE.TO)

This still looks very good on a technical basis. Chart shows a strong upward trend from late 2009 and just broke above a key resistance level. Technically, you should be able to get a comparable move on the upside equivalent to its previous trading range. This would imply that the 1^st target would be $47 so technically it is getting close to its target.

Earnings were excellent and they raised the dividend again. Changing their business around and it is really quite good.

Telecom sector is one that really fits the type of sector that people are looking for. They went through their restructuring and now are growing some of their new businesses and are beating estimates so earnings multiples are expanding. In a world where fixed income yields are so low and not showing much sign that they are likely to rise, companies with very predictable cash flows will trade at a premium.

This gives you decent single digit growth. This really has been a dividend story. Just surprised the market with a dividend increase. Yield is about 5%. Technically is perfect being about the 200 and 50 day moving averages. Currently it is extremely overbought. He would like to see it around $41-$42.

(Top Pick Sep 23/11, Up 19%) Owns it because they boost the dividend and people didn’t expect it. Company executed phenomenally well. 2-4% growth, not exciting, but it is a solid business and management says they are intending to constantly raise the dividend.

(Top Pick May 25/12, Up 7.56%) Maturing GICs have to be invested. People have to buy yield.

Preferred shares series AC. Originally 5% yield but this has fallen. Why? These are resets. Every 5 years, rates are reset and this is coming up in Feb/13 and is 80% of the five-year yield on Canada’s, which is at about 1.25% right now so the new dividend rate on these will be about 1%.

(A Top Pick Aug 11/11. Up 19.47%.) Still favourable on all the telcos. If you are looking for dividend and yields, you should be into telcos rather than utilities or pipelines, which are trading at much higher valuations. Still a Buy.