It has raised its dividend again with dividend growth being 3 to 5%. annually. Although growth has slowed for Canadian Telcos, BCE is one of the biggest providers of cell phones.
Significant capital expenditures. Announced a further 3-year plan, and that will stress the EPS and cashflow numbers. Once the build is complete, capex should decline and earnings should grow. Dividend increases should, perhaps, be slowed. In 3-4 years, the payout ratio should normalize. In the meantime, it's vulnerable to something going wrong, payout ratio and credit rating getting stressed, dividend getting cut. He doesn't see that happening, growth is predictable and not as subject to inflationary pressures. Still expensive at these levels, try for mid-low $50s.
High quality, as blue chip as you can get. Stable, recurring revenues. Nothing fundamental to change the thesis. Share price dropped against the macro backdrop. Yield is 6%.
BCE Inc. is a Canadian stock, trading under the symbol BCE-T on the Toronto Stock Exchange (BCE-CT). It is usually referred to as TSX:BCE or BCE-T
In the last year, 26 stock analysts published opinions about BCE-T. 16 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for BCE Inc..
BCE Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for BCE Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
26 stock analysts on Stockchase covered BCE Inc. In the last year. It is a trending stock that is worth watching.
On 2023-02-08, BCE Inc. (BCE-T) stock closed at a price of $61.3.