View Future GrowthBCE 過去の業績過去 基準チェック /46BCEは、平均年間8.1%の収益成長を遂げていますが、 Telecom業界の収益は、年間 成長しています。収益は、平均年間13.9% 1.2%収益成長率で 成長しています。 BCEの自己資本利益率は27.5%であり、純利益率は25.5%です。主要情報8.13%収益成長率7.38%EPS成長率Telecom 業界の成長6.72%収益成長率1.19%株主資本利益率27.47%ネット・マージン25.46%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 07First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: CA$0.70 (up from CA$0.69 in 1Q 2025). Revenue: CA$6.17b (up 4.0% from 1Q 2025). Net income: CA$653.0m (up 3.7% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.お知らせ • Apr 03BCE Inc. to Report Q1, 2026 Results on May 07, 2026BCE Inc. announced that they will report Q1, 2026 results Pre-Market on May 07, 2026Reported Earnings • Feb 07Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: CA$6.79 (up from CA$0.18 in FY 2024). Revenue: CA$24.5b (flat on FY 2024). Net income: CA$6.31b (up CA$6.14b from FY 2024). Profit margin: 26% (up from 0.7% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.お知らせ • Jan 07BCE Inc. to Report Q4, 2025 Results on Feb 05, 2026BCE Inc. announced that they will report Q4, 2025 results on Feb 05, 2026Reported Earnings • Nov 06Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: CA$4.83 (up from CA$1.36 loss in 3Q 2024). Revenue: CA$6.05b (up 1.3% from 3Q 2024). Net income: CA$4.50b (up CA$5.74b from 3Q 2024). Profit margin: 74% (up from net loss in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.お知らせ • Oct 02BCE Inc. to Report Q3, 2025 Results on Nov 06, 2025BCE Inc. announced that they will report Q3, 2025 results on Nov 06, 2025すべての更新を表示Recent updatesUpcoming Dividend • Jun 08Upcoming dividend of CA$0.44 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 15 July 2026. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.2%). In line with average of industry peers (5.5%).Seeking Alpha • May 11BCE Inc.: AI And Fiber Growth Could Power A ReboundSummary BCE Inc. remains an undervalued income stock, supported by a 5.3% yield and a forward P/E of 12.7. Momentum in broadband, enterprise AI solutions, and digital media is driving revenue and EBITDA growth, with AI investments showing strong early returns. BCE’s Bell AI Fabric and new data center partnerships are expected to deliver high-margin, high-IRR free cash flow contributions over time. I maintain a 'buy' rating on BCE, citing improved financial flexibility, robust cash flow, and long-term value for patient investors. Read the full article on Seeking AlphaDeclared Dividend • May 11First quarter dividend of CA$0.44 announcedShareholders will receive a dividend of CA$0.44. Ex-date: 15th June 2026 Payment date: 15th July 2026 Dividend yield will be 5.8%, which is lower than the industry average of 6.2%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 44% over the next 3 years. However, it would need to fall by 71% to increase the payout ratio to a potentially unsustainable range.お知らせ • May 09BCE Inc. announces Quarterly dividend, payable on July 15, 2026BCE Inc. announced Quarterly dividend of CAD 0.4375 per share payable on July 15, 2026, ex-date on June 15, 2026 and record date on June 15, 2026.Reported Earnings • May 07First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: CA$0.70 (up from CA$0.69 in 1Q 2025). Revenue: CA$6.17b (up 4.0% from 1Q 2025). Net income: CA$653.0m (up 3.7% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.お知らせ • Apr 03BCE Inc. to Report Q1, 2026 Results on May 07, 2026BCE Inc. announced that they will report Q1, 2026 results Pre-Market on May 07, 2026Upcoming Dividend • Mar 09Upcoming dividend of CA$0.44 per shareEligible shareholders must have bought the stock before 16 March 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.3%). In line with average of industry peers (4.6%).Declared Dividend • Feb 08Fourth quarter dividend of CA$0.44 announcedShareholders will receive a dividend of CA$0.44. Ex-date: 16th March 2026 Payment date: 15th April 2026 Dividend yield will be 5.6%, which is lower than the industry average of 6.2%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 47% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Feb 07Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: CA$6.79 (up from CA$0.18 in FY 2024). Revenue: CA$24.5b (flat on FY 2024). Net income: CA$6.31b (up CA$6.14b from FY 2024). Profit margin: 26% (up from 0.7% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.お知らせ • Feb 06+ 1 more updateBCE Inc. Declares Quarterly Dividend, Payable on April 15, 2026BCE Inc.'s Board of Directors has declared a quarterly dividend of $0.4375 per common share, payable on April 15, 2026 to shareholders of record at the close of business on March 16, 2026.お知らせ • Jan 07BCE Inc. to Report Q4, 2025 Results on Feb 05, 2026BCE Inc. announced that they will report Q4, 2025 results on Feb 05, 2026お知らせ • Dec 12Bell Announces the Latest Evolution in TV Convenience: Hardware-Free Fibe TVBell announced the latest evolution in TV convenience: hardware-free Fibe TV. Customers in Ontario and Quebec can now stream live and on-demand content instantly on the compatible Smart TVs and streaming devices they already own, without the need for cords or boxes. This hardware-free experience means easier access, faster setup and total flexibility. Adding additional TVs is effortless - no technician visit, no phone call, no extra cost. Simply download the app and start watching. The Fibe TV app is now available on more devices, including compatible Samsung, LG and Roku Smart TVs.Upcoming Dividend • Dec 08Upcoming dividend of CA$0.44 per shareEligible shareholders must have bought the stock before 15 December 2025. Payment date: 15 January 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of American dividend payers (4.4%). In line with average of industry peers (5.5%).Declared Dividend • Nov 09Third quarter dividend of CA$0.44 announcedShareholders will receive a dividend of CA$0.44. Ex-date: 15th December 2025 Payment date: 15th January 2026 Dividend yield will be 7.6%, which is higher than the industry average of 6.2%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 56% over the next 3 years. Since a fall of 52% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.お知らせ • Nov 08+ 1 more updateBCE Inc. announces Quarterly dividend, payable on January 15, 2026BCE Inc. announced Quarterly dividend of CAD 0.4375 per share payable on January 15, 2026, ex-date on December 15, 2025 and record date on December 15, 2025.Reported Earnings • Nov 06Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: CA$4.83 (up from CA$1.36 loss in 3Q 2024). Revenue: CA$6.05b (up 1.3% from 3Q 2024). Net income: CA$4.50b (up CA$5.74b from 3Q 2024). Profit margin: 74% (up from net loss in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.お知らせ • Oct 31BCE Inc., Annual General Meeting, May 07, 2026BCE Inc., Annual General Meeting, May 07, 2026.お知らせ • Oct 29BCE Inc. Announces Gordon Nixon Stepping Down as Chair and Not Seeking Re-Election as Director, Effective May 7, 2026BCE Inc. announced that Gordon Nixon, who will reach the end of his 12-year term in 2026, will step down as Chair and not seek re-election as a Director at the Annual General Shareholder Meeting on May 7, 2026. Mr. Nixon joined the Board in 2014 and served as Chair for 10 years. As part of the Board's renewal and succession plan, the Board plans to nominate BCE Director Louis Vachon C.M., O.Q., as Chair of the Board of Directors, contingent upon his re-election as a Director by BCE shareholders. Mr. Vachon joined the BCE Board in 2022 and is a member of the Management Resources and Compensation Committee and Risk and Pension Fund Committee.お知らせ • Oct 15BCE Inc. Provides Earnings Guidance for the Year 2025 and 2028BCE Inc. provided earnings guidance for the year 2025. For the year, Revenue to be ~ $24.7 billion. For the year 2028, the company expected revenue to be $26.2 - $27.8 billion.お知らせ • Oct 02BCE Inc. to Report Q3, 2025 Results on Nov 06, 2025BCE Inc. announced that they will report Q3, 2025 results on Nov 06, 2025お知らせ • Sep 09BCE Inc. announces Quarterly dividend, payable on October 15, 2025BCE Inc. announced Quarterly dividend of CAD 0.4375 per share payable on October 15, 2025, ex-date on September 15, 2025 and record date on September 15, 2025.Upcoming Dividend • Sep 08Upcoming dividend of CA$0.44 per shareEligible shareholders must have bought the stock before 15 September 2025. Payment date: 15 October 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.4%). In line with average of industry peers (5.6%).Declared Dividend • Aug 10Second quarter dividend of CA$0.44 announcedShareholders will receive a dividend of CA$0.44. Ex-date: 15th September 2025 Payment date: 15th October 2025 Dividend yield will be 8.8%, which is higher than the industry average of 6.2%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 7x earnings). However, it is well covered by cash flows (43% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 709% to bring the payout ratio under control. EPS is expected to grow by 124% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Aug 09Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: CA$0.62 (up from CA$0.59 in 2Q 2024). Revenue: CA$6.09b (up 1.3% from 2Q 2024). Net income: CA$579.0m (up 7.8% from 2Q 2024). Profit margin: 9.5% (in line with 2Q 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.お知らせ • Jul 03Rogers Communications Inc. (TSX:RCI.B) completed the acquisition of an additional 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc. (TSX:BCE).Rogers Communications Inc. (TSX:RCI.B) entered into an agreement to acquire an additional 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc. (TSX:BCE) for CAD 4.7 billion on September 18, 2024. This includes access to content rights for 50% of Toronto Maple Leafs regional games and 50% of Toronto Raptors games for which MLSE controls the rights. The consideration is subject to certain adjustments. Bell remains official telecom sponsor of the Toronto Raptors and continues sponsorships of Toronto Argonauts and Toronto FC. The deal is subject to league approvals, approval from the Canadian Radio-television and Telecommunications Commission and approval from Competition Bureau. Rogers and Bell received a "no-action letter" on December 12, 2024, from the Bureau, indicating that the Commissioner of Competition does not intend to challenge Rogers acquisition of Bell’s interest in MLSE. As of December 13, 2024, Rogers Communications has received clearance from the Competition Bureau to proceed with the acquisition. As of June 12, 2025 Rogers received approval from the Canadian Radio-television and Telecommunications Commission and deal is expected to close in early July. The transaction is expected to close in mid-2025. BCE currently intends to direct proceeds of this sale towards reducing debt levels and to support its ongoing transformation from telco to telco with a focus on core growth drivers. As of June 4, 2025, Rogers Communications has received all league approvals to buy out Bell’s 37.5% stake in Maple Leaf Sports & Entertainment. In February 2025, we issued three tranches of subordinated notes, consisting of, CAD 1.5 billion due 2055 with an initial coupon of 7.00% for the first five years, CAD 1.4 billion due 2055 with an initial coupon of 7.125% for the first ten years; and CAD 2 billion due 2055 with an initial coupon of 5.625% for the first five years. Rogers Communications received net proceeds of CAD approximately 5 billion from the issuances and intend to use the proceeds to repay debt and to fund a portion of the MLSE Transaction. J.P. Morgan acted as financial advisor to Rogers Communications Inc. Shlomi Feiner, Jacob Gofman, Micah Wood, Jonathan Bitran, Paul Stepak, Evan Schmid and Michael Matheson of Blake, Cassels & Graydon LLP acted as legal advisor to BCE Inc. Melanie Shishler, Aaron Atkinson, Marc Pontone, David Wilson, Daniel Pearlman and Anita Banicevic of Davies Ward Phillips & Vineberg LLP acted as legal advisor to Rogers Communications Inc. Rogers Communications Inc. (TSX:RCI.B) completed the acquisition of an additional 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc. (TSX:BCE) on July 1, 2025. On completion, Rogers holds 75% stake in Maple Leaf Sports & Entertainment. The purchase price was primarily funded from revolving bank credit facilities together with cash on hand. The transaction has received all necessary regulatory and league approvals.Upcoming Dividend • Jun 09Upcoming dividend of CA$0.44 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 15 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.9%. Within top quartile of American dividend payers (4.8%). In line with average of industry peers (5.8%).Reported Earnings • May 09First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: CA$0.73 (up from CA$0.44 in 1Q 2024). Revenue: CA$5.93b (down 1.3% from 1Q 2024). Net income: CA$671.0m (up 67% from 1Q 2024). Profit margin: 11% (up from 6.7% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 31%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.お知らせ • May 09BCE Inc. announces Quarterly dividend, payable on July 15, 2025BCE Inc. announced Quarterly dividend of CAD 0.4375 per share payable on July 15, 2025, ex-date on June 16, 2025 and record date on June 16, 2025.お知らせ • Apr 03BCE Inc. to Report Q1, 2025 Results on May 08, 2025BCE Inc. announced that they will report Q1, 2025 results on May 08, 2025Reported Earnings • Mar 09Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: CA$0.18 (down from CA$2.28 in FY 2023). Revenue: CA$24.4b (down 1.1% from FY 2023). Net income: CA$163.0m (down 92% from FY 2023). Profit margin: 0.7% (down from 8.4% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 83%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Mar 07Upcoming dividend of CA$1.00 per shareEligible shareholders must have bought the stock before 14 March 2025. Payment date: 15 April 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (6.1%).お知らせ • Feb 20BCE Inc., Annual General Meeting, May 08, 2025BCE Inc., Annual General Meeting, May 08, 2025.Seeking Alpha • Feb 10BCE Tees Up The Big Dividend Cut And Stops Digging That HoleSummary We had previously suggested that BCE had a very high probability of cutting its outsized dividend. Management set that up with the Q4-2024 results. We go over the hints dropped and speculate on the size of the cut and its timing. We update our thesis and tell you which Canadian telecom is the best value today. Read the full article on Seeking AlphaDeclared Dividend • Feb 09Third quarter dividend of CA$1.00 announcedShareholders will receive a dividend of CA$1.00. Ex-date: 14th March 2025 Payment date: 15th April 2025 Dividend yield will be 14%, which is higher than the industry average of 6.2%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 43x earnings) nor is it covered by cash flows (123% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 4,679% to bring the payout ratio under control. EPS is expected to grow by 125% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Jan 02BCE Inc. to Report Fiscal Year 2024 Results on Feb 06, 2025BCE Inc. announced that they will report fiscal year 2024 results on Feb 06, 2025Seeking Alpha • Dec 26BCE: The Ziply Deal Is Not As Bad As It SeemsSummary BCE's sale of MLSE stake to Rogers aimed to streamline the company, but the $5B Ziply Fiber acquisition raised management concerns, leading to a rating downgrade. Despite the market's negative reaction, Ziply Fiber aligns better with BCE's telecom operations, potentially offering higher operating revenues than MLSE. Lower Canadian interest rates and potential tax-loss selling create a buying opportunity for dividend investors, even with the risk of dividend cuts. BCE's current price suggests a dividend cut is priced in, and the company remains a vital player in the Canadian telecom sector. Read the full article on Seeking AlphaRecent Insider Transactions • Dec 26Independent Director recently sold US$672k worth of stockOn the 17th of December, Calin Rovinescu sold around 29k shares on-market at roughly US$23.57 per share. This transaction amounted to 72% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$1.3m more than they sold in the last 12 months.New Risk • Dec 22New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.4m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Dividend per share is over 43x earnings per share. Cash payout ratio: 123% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Significant insider selling over the past 3 months (US$1.4m sold).Upcoming Dividend • Dec 09Upcoming dividend of CA$1.00 per shareEligible shareholders must have bought the stock before 16 December 2024. Payment date: 15 January 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (6.4%).Seeking Alpha • Nov 15BCE: Don't Get Caught By The Double-Digit YieldSummary BCE Inc.'s dividend yield is over 10%, raising concerns about a potential cut due to poor cash flow and rising debt costs. The company's recent capital allocation, including the Ziply acquisition, has not improved cash flow, and debt refinancing costs are increasing. Regulatory pressures and high mobility costs in Canada further strain BCE's financial outlook, making dividend maintenance challenging. Despite a 40+ year history of stable dividends, financial realities suggest BCE may struggle to sustain its current payout in my opinion. Read the full article on Seeking AlphaDeclared Dividend • Nov 10Third quarter dividend of CA$1.00 announcedShareholders will receive a dividend of CA$1.00. Ex-date: 16th December 2024 Payment date: 15th January 2025 Dividend yield will be 11%, which is higher than the industry average of 6.2%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 43x earnings) nor is it covered by cash flows (123% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 4,679% to bring the payout ratio under control. EPS is expected to grow by 189% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: CA$1.36 loss per share (down from CA$0.70 profit in 3Q 2023). Revenue: CA$5.97b (down 1.8% from 3Q 2023). Net loss: CA$1.24b (down 293% from profit in 3Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Seeking Alpha • Oct 14BCE: $3.5 Billion MLSE Sale And Lower Rates Are Catalysts For ReboundSummary BCE has underperformed, down 14% this past year and nearly 35% in the last three, despite high dividend yields of 8.84%. Regulatory pressures and increased debt levels have raised concerns about dividend cuts, but payments have remained stable. Recent macroeconomic changes and strategic pivots suggest BCE is undervalued and can sustain dividends into 2025. I rate BCE stock a Strong Buy, anticipating its successful transition from a telco to a techco. Read the full article on Seeking AlphaSeeking Alpha • Sep 20BCE Is Dead To Me - August Dividend Income ReportSummary Telcos are capital-intensive. It means they must spend considerable amounts of money to maintain and improve their networks. Since 2017, BCE has been on a streak of securing more and more debt. ATD reported a mixed quarter as revenue jumped by 17%, but EPS declined by 4%. Read the full article on Seeking Alphaお知らせ • Sep 18Rogers Communications Inc. (TSX:RCI.B) entered into an agreement to acquire 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc. (TSX:BCE) for CAD 4.7 billionRogers Communications Inc. (TSX:RCI.B) entered into an agreement to acquire 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc. (TSX:BCE) for CAD 4.7 billion on September 18, 2024. This includes access to content rights for 50% of Toronto Maple Leafs regional games and 50% of Toronto Raptors games for which MLSE controls the rights. Bell remains official telecom sponsor of the Toronto Raptors, and continues sponsorships of Toronto Argonauts and Toronto FC The transaction is subject to league and regulatory approvals. The transaction is expected to close in mid-2025. BCE currently intends to direct proceeds of this sale towards reducing debt levels and to support its ongoing transformation from telco to telco with a focus on core growth drivers.Seeking Alpha • Sep 09BCE's 8.3% Yield: A Telecom Giant Ready For A ComebackSummary BCE offers an 8.3% dividend yield and trades at a discounted Price-to-Cash Flow ratio of 5.9x, making it an attractive value play. Despite recent stock underperformance, BCE shows resilience with growth in mobile subscribers, broadband, and business solutions, driven by strategic investments in fiber and 5G. Cost-saving initiatives, including AI-driven customer service, enhance future cash flow and improve dividend coverage, with $20 million saved in Q2 alone. BCE's strong balance sheet, BBB+ credit rating, and well-laddered debt schedule support its potential for market-level returns, despite regulatory risks. Read the full article on Seeking AlphaUpcoming Dividend • Sep 09Upcoming dividend of CA$1.00 per shareEligible shareholders must have bought the stock before 16 September 2024. Payment date: 15 October 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.2%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (5.8%).Declared Dividend • Aug 04Second quarter dividend of CA$1.00 announcedShareholders will receive a dividend of CA$1.00. Ex-date: 16th September 2024 Payment date: 15th October 2024 Dividend yield will be 9.3%, which is higher than the industry average of 6.2%. Sustainability & Growth Dividend is not covered by earnings (180% earnings payout ratio) nor is it covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 100% to bring the payout ratio under control. EPS is expected to grow by 42% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Aug 02Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: CA$0.59 (up from CA$0.36 in 2Q 2023). Revenue: CA$6.01b (down 1.0% from 2Q 2023). Net income: CA$537.0m (up 63% from 2Q 2023). Profit margin: 8.9% (up from 5.4% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 5.7%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year.Seeking Alpha • Jul 07BCE: Downgrade On Deteriorating EconomySummary BCE is a leading telecommunications provider in Canada with a strong market share and a diverse media business. BCE's first-quarter results were steady and in line with analyst estimates. However, I worry about the effects of a deteriorating Canadian economy. Looking farther out, tightening immigration rules may curb the new customers in the wireless markets, leading to increased price competition between carriers. I am also worried that management has moved the goalpost on leverage, suggesting they do not have any plans to delever the business. Read the full article on Seeking Alphaお知らせ • Jun 28BCE Inc. to Report Q2, 2024 Results on Aug 01, 2024BCE Inc. announced that they will report Q2, 2024 results on Aug 01, 2024Seeking Alpha • Jun 17BCE: The Canadian Bell Rings With 8.9% Dividend Yield + 3 High Yield Telecommunication Stocks - ATT, Verizon, And VodafoneSummary Telecommunication companies in the communication sector offer high yields, investible S&P credit ratings, and 6%+ dividend yields. BCE Inc. has an 8.9% yield, Verizon has a 6.7% yield, AT&T Inc. has a 6.3% yield, and Vodafone Group PLC has an 11.1% yield. Despite challenges like regulatory rulings and dividend cuts, these telecom companies provide reliable high-yield income and are considered good investments for income portfolios. The Rose Take and Recommendation is made for each company. Read the full article on Seeking AlphaUpcoming Dividend • Jun 07Upcoming dividend of CA$1.00 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 15 July 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.5%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (6.2%).Reported Earnings • May 08First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: CA$0.44 (down from CA$0.80 in 1Q 2023). Revenue: CA$6.01b (flat on 1Q 2023). Net income: CA$402.0m (down 45% from 1Q 2023). Profit margin: 6.7% (down from 12% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year.お知らせ • May 03+ 1 more updateBCE Inc. Declares Quarterly Dividend, Payable on July 15, 2024BCE Inc. declared a quarterly dividend of $0.9975 per common share, payable on July 15, 2024 to shareholders of record at the close of business on June 14, 2024.Seeking Alpha • Apr 22BCE: Why I Added This 9% Yield To My PortfolioSummary BCE is a leading telecommunications provider in Canada with a strong market share and a diverse media business. BCE shares have plummeted while the market has rallied, creating an attractive entry point. While BCE does face increased competition in wireless, I believe the company's cheap valuation more than prices that in. Read the full article on Seeking Alphaお知らせ • Mar 29BCE Inc. to Report Q1, 2024 Results on May 02, 2024BCE Inc. announced that they will report Q1, 2024 results on May 02, 2024Seeking Alpha • Mar 12BCE Inc.: Is This Succulent 7.9% Dividend Safe?Summary BCE, a Canadian telecom giant, is projected to pay out more in dividends than it earns in 2024. The company's dividend is at risk of being cut due to its unsustainable payout ratio. However, I believe that BCE's dividend is safe in the long term, with potential for improvement in 2025 and beyond. Read the full article on Seeking AlphaSeeking Alpha • Feb 10BCE Inc. Is A Great Bargain Back At 7.6% YieldSummary BCE Inc. has seen a material decline in share price but has strong operating fundamentals, including revenue and adjusted EPS growth. The company is benefiting from its fiber buildout and surpassing its 5G coverage objectives, which has led to growth in its mobile and internet business. BCE has a strong credit rating, liquidity position, and a history of dividend growth, making it an appealing choice for income investors while it's undervalued. Read the full article on Seeking Alphaお知らせ • Feb 09+ 1 more updateBell Axes Workers While Lining Pockets of ShareholdersUnifor is outraged about announcement from Bell Canada Enterprises Inc. (BCE Inc.) to cut 4,800 jobs – 9% of its workforce – affecting 800 of the union's members, while deliberately putting shareholders ahead of workers with increased dividend payouts. Of the 800 Unifor members, the vast majority come from the telecommunications sector, who are largely workers responsible for keeping Canadians connected, with 100 workers coming from the media sector. This is the largest mass layoff by the company in 30 years and delivered at a time when the company is on sound financial footing, able to continuously raise dividends year-over-year during the past decade and buy back shares which helps to feather the nests of shareholders and executives. The announcement marks the second major layoff at the media and telecommunications company since June, when it announced 6% of jobs were eliminated and nine radio stations were either closed or sold.お知らせ • Feb 08+ 1 more updateBCE Inc. Declares Quarterly Dividend, Payable on April 15, 2024BCE Inc. announced that Board of Directors has declared a quarterly dividend of $0.9975 per common share, payable on April 15, 2024 to shareholders of record at the close of business on March 15, 2024.Seeking Alpha • Jan 22BCE: Attractive Valuation Relative To TELUS And RogersSummary Our covered call strategy for BCE outperformed a straight buy and hold, providing the same dividends with lower capital deployment and less volatility. We examine the Q3-2023 results and tell you where the soft spots were. We run BCE's valuation against its 2 rivals, TELUS and Rogers, and show you why this one makes more sense today. Read the full article on Seeking Alphaお知らせ • Jan 05BCE Inc. to Report Q4, 2023 Results on Feb 08, 2024BCE Inc. announced that they will report Q4, 2023 results on Feb 08, 2024Upcoming Dividend • Dec 07Upcoming dividend of CA$0.97 per share at 7.0% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 15 January 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.0%. Within top quartile of American dividend payers (4.8%). In line with average of industry peers (6.6%).Seeking Alpha • Nov 20BCE: A Deep Value Play With An Above 7% Dividend YieldSummary BCE is a Canadian dividend aristocrat in the telecommunications industry with a dominant positioning and strong profitability metrics. The company has a stellar track record of dividend hikes and offers an above 7% forward dividend yield, making it appealing for risk-averse investors. My valuation analysis suggests BCE stock is substantially undervalued. Read the full article on Seeking AlphaNew Risk • Nov 17New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Cash payout ratio: 155% Minor Risks High level of debt (160% net debt to equity). Significant insider selling over the past 3 months (US$1.9m sold).Recent Insider Transactions • Nov 13Group President of Business Markets recently sold US$1.3m worth of stockOn the 10th of November, John Watson sold around 32k shares on-market at roughly US$38.81 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.8m more than they bought in the last 12 months.お知らせ • Nov 04BCE Inc. confirms Earnings Guidance for the Year 2023BCE Inc. confirmed earnings guidance for the year 2023. For the period, the company expects revenue growth to be 1% to 5%.お知らせ • Nov 03BCE Inc. Declares a Quarterly Dividend, Payable on January 15, 2024BCE Inc.'s Board of Directors has declared a quarterly dividend of $0.9675 per common share, payable on January 15, 2024 to shareholders of record at the close of business on December 15, 2023.お知らせ • Sep 29BCE Inc. to Report Q3, 2023 Results on Nov 02, 2023BCE Inc. announced that they will report Q3, 2023 results on Nov 02, 2023お知らせ • Aug 05+ 1 more updateBCE Inc. Declares Quarterly Dividend, Payable on October 16, 2023BCE Inc.'s board of directors has declared a quarterly dividend of $0.9675 per common share, payable on October 16, 2023 to shareholders of record at the close of business on September 15, 2023.お知らせ • Jun 30BCE Inc. to Report Q2, 2023 Results on Aug 03, 2023BCE Inc. announced that they will report Q2, 2023 results on Aug 03, 2023お知らせ • May 06+ 2 more updatesBCE Inc. Announces CFO ChangesBCE Inc. announced that Glen LeBlanc, EVP and Chief Financial Officer of BCE and Bell Canada will retire as CFO effective September 1, 2023. Curtis Millen, currently SVP, Corporate Strategy &Treasurer, will be promoted to CFO. Glen will maintain his position as Vice-Chair, Atlantic, Chair of Northwestel, and as Board member and Chair of the Audit Committee for Maple Leafs Sports &Entertainment. He will also provide leadership and direction to ensure a smooth transition on BCE's financial operations until the end of December, 2023. Curtis Millen, currently SVP Corporate Strategy and Treasurer, will become Chief Financial Officer effective September 1, 2023. Curtis Millen joined Bell in 2008 as Director, Corporate Strategy and M&A and held successively senior positions, most recently as SVP, Corporate Strategy and Treasurer, head of Bell Ventures and President of BIMCOR, a wholly-owned subsidiary of Bell that is one of the largest private sector pension fund management companies in Canada. Curtis will continue to be based at Bell's headquarters in Montral.お知らせ • May 05BCE Inc. Declares Quarterly Dividend, Payable on July 17, 2023BCE Inc. announced that its Board of Directors has declared a quarterly dividend of $0.9675 per common share, payable on July 17, 2023 to shareholders of record at the close of business on June 15, 2023.収支内訳BCE の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NYSE:BCE 収益、費用、利益 ( )CAD Millions日付収益収益G+A経費研究開発費31 Mar 2624,7066,2912206031 Dec 2524,4686,3052206030 Sep 2524,4866,1722166630 Jun 2524,4084332166631 Mar 2524,3283912166631 Dec 2424,4091632166630 Sep 2424,460842189030 Jun 2424,5691,9612189031 Mar 2424,6301,7532189031 Dec 2324,6732,0762189030 Sep 2324,6392,2222205730 Jun 2324,5832,2972205731 Mar 2324,3782,5642205731 Dec 2224,1742,7162205730 Sep 2223,9442,813213030 Jun 2223,7562,855213031 Mar 2223,5932,944213031 Dec 2123,4492,709213030 Sep 2123,3422,762241030 Jun 2123,2932,691241031 Mar 2122,9492,239241031 Dec 2022,8832,272241030 Sep 2023,0562,261236030 Jun 2023,2092,434236031 Mar 2023,7442,955236031 Dec 1923,7933,011236030 Sep 1923,7332,950352030 Jun 1923,6702,905352031 Mar 1923,5672,855352031 Dec 1823,4682,785352030 Sep 1823,2892,835399030 Jun 1823,1092,824399031 Mar 1823,0112,885399031 Dec 1722,7572,866399030 Sep 1722,4232,867353030 Jun 1722,1332,816353031 Mar 1721,7852,829353031 Dec 1621,7192,894353030 Sep 1621,6202,733340030 Jun 1621,5582,720340031 Mar 1621,5442,701340031 Dec 1521,5142,526340030 Sep 1521,4392,572335030 Jun 1521,2892,4333350質の高い収益: BCEにはCA$4.0B } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: BCEの現在の純利益率 (25.5%)は、昨年(1.6%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: BCEの収益は過去 5 年間で年間8.1%増加しました。成長の加速: BCEの過去 1 年間の収益成長率 ( 1509% ) は、5 年間の平均 ( 年間8.1%を上回っています。収益対業界: BCEの過去 1 年間の収益成長率 ( 1509% ) はTelecom業界-9.7%を上回りました。株主資本利益率高いROE: BCEの 自己資本利益率 ( 27.47% ) は 高い ですが、この指標は負債レベルが高いために歪んでいます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTelecom 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/20 19:40終値2026/06/18 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋BCE Inc. 15 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。29 アナリスト機関Amman SaeedAccountability Research Corporationnull nullArgus Research CompanyDavid McFadgenATB Cormark26 その他のアナリストを表示
Reported Earnings • May 07First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: CA$0.70 (up from CA$0.69 in 1Q 2025). Revenue: CA$6.17b (up 4.0% from 1Q 2025). Net income: CA$653.0m (up 3.7% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
お知らせ • Apr 03BCE Inc. to Report Q1, 2026 Results on May 07, 2026BCE Inc. announced that they will report Q1, 2026 results Pre-Market on May 07, 2026
Reported Earnings • Feb 07Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: CA$6.79 (up from CA$0.18 in FY 2024). Revenue: CA$24.5b (flat on FY 2024). Net income: CA$6.31b (up CA$6.14b from FY 2024). Profit margin: 26% (up from 0.7% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
お知らせ • Jan 07BCE Inc. to Report Q4, 2025 Results on Feb 05, 2026BCE Inc. announced that they will report Q4, 2025 results on Feb 05, 2026
Reported Earnings • Nov 06Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: CA$4.83 (up from CA$1.36 loss in 3Q 2024). Revenue: CA$6.05b (up 1.3% from 3Q 2024). Net income: CA$4.50b (up CA$5.74b from 3Q 2024). Profit margin: 74% (up from net loss in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
お知らせ • Oct 02BCE Inc. to Report Q3, 2025 Results on Nov 06, 2025BCE Inc. announced that they will report Q3, 2025 results on Nov 06, 2025
Upcoming Dividend • Jun 08Upcoming dividend of CA$0.44 per shareEligible shareholders must have bought the stock before 15 June 2026. Payment date: 15 July 2026. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.2%). In line with average of industry peers (5.5%).
Seeking Alpha • May 11BCE Inc.: AI And Fiber Growth Could Power A ReboundSummary BCE Inc. remains an undervalued income stock, supported by a 5.3% yield and a forward P/E of 12.7. Momentum in broadband, enterprise AI solutions, and digital media is driving revenue and EBITDA growth, with AI investments showing strong early returns. BCE’s Bell AI Fabric and new data center partnerships are expected to deliver high-margin, high-IRR free cash flow contributions over time. I maintain a 'buy' rating on BCE, citing improved financial flexibility, robust cash flow, and long-term value for patient investors. Read the full article on Seeking Alpha
Declared Dividend • May 11First quarter dividend of CA$0.44 announcedShareholders will receive a dividend of CA$0.44. Ex-date: 15th June 2026 Payment date: 15th July 2026 Dividend yield will be 5.8%, which is lower than the industry average of 6.2%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 44% over the next 3 years. However, it would need to fall by 71% to increase the payout ratio to a potentially unsustainable range.
お知らせ • May 09BCE Inc. announces Quarterly dividend, payable on July 15, 2026BCE Inc. announced Quarterly dividend of CAD 0.4375 per share payable on July 15, 2026, ex-date on June 15, 2026 and record date on June 15, 2026.
Reported Earnings • May 07First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: CA$0.70 (up from CA$0.69 in 1Q 2025). Revenue: CA$6.17b (up 4.0% from 1Q 2025). Net income: CA$653.0m (up 3.7% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
お知らせ • Apr 03BCE Inc. to Report Q1, 2026 Results on May 07, 2026BCE Inc. announced that they will report Q1, 2026 results Pre-Market on May 07, 2026
Upcoming Dividend • Mar 09Upcoming dividend of CA$0.44 per shareEligible shareholders must have bought the stock before 16 March 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.3%). In line with average of industry peers (4.6%).
Declared Dividend • Feb 08Fourth quarter dividend of CA$0.44 announcedShareholders will receive a dividend of CA$0.44. Ex-date: 16th March 2026 Payment date: 15th April 2026 Dividend yield will be 5.6%, which is lower than the industry average of 6.2%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 47% over the next 3 years. However, it would need to fall by 62% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Feb 07Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: CA$6.79 (up from CA$0.18 in FY 2024). Revenue: CA$24.5b (flat on FY 2024). Net income: CA$6.31b (up CA$6.14b from FY 2024). Profit margin: 26% (up from 0.7% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
お知らせ • Feb 06+ 1 more updateBCE Inc. Declares Quarterly Dividend, Payable on April 15, 2026BCE Inc.'s Board of Directors has declared a quarterly dividend of $0.4375 per common share, payable on April 15, 2026 to shareholders of record at the close of business on March 16, 2026.
お知らせ • Jan 07BCE Inc. to Report Q4, 2025 Results on Feb 05, 2026BCE Inc. announced that they will report Q4, 2025 results on Feb 05, 2026
お知らせ • Dec 12Bell Announces the Latest Evolution in TV Convenience: Hardware-Free Fibe TVBell announced the latest evolution in TV convenience: hardware-free Fibe TV. Customers in Ontario and Quebec can now stream live and on-demand content instantly on the compatible Smart TVs and streaming devices they already own, without the need for cords or boxes. This hardware-free experience means easier access, faster setup and total flexibility. Adding additional TVs is effortless - no technician visit, no phone call, no extra cost. Simply download the app and start watching. The Fibe TV app is now available on more devices, including compatible Samsung, LG and Roku Smart TVs.
Upcoming Dividend • Dec 08Upcoming dividend of CA$0.44 per shareEligible shareholders must have bought the stock before 15 December 2025. Payment date: 15 January 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of American dividend payers (4.4%). In line with average of industry peers (5.5%).
Declared Dividend • Nov 09Third quarter dividend of CA$0.44 announcedShareholders will receive a dividend of CA$0.44. Ex-date: 15th December 2025 Payment date: 15th January 2026 Dividend yield will be 7.6%, which is higher than the industry average of 6.2%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 56% over the next 3 years. Since a fall of 52% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk.
お知らせ • Nov 08+ 1 more updateBCE Inc. announces Quarterly dividend, payable on January 15, 2026BCE Inc. announced Quarterly dividend of CAD 0.4375 per share payable on January 15, 2026, ex-date on December 15, 2025 and record date on December 15, 2025.
Reported Earnings • Nov 06Third quarter 2025 earnings: EPS exceeds analyst expectationsThird quarter 2025 results: EPS: CA$4.83 (up from CA$1.36 loss in 3Q 2024). Revenue: CA$6.05b (up 1.3% from 3Q 2024). Net income: CA$4.50b (up CA$5.74b from 3Q 2024). Profit margin: 74% (up from net loss in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
お知らせ • Oct 31BCE Inc., Annual General Meeting, May 07, 2026BCE Inc., Annual General Meeting, May 07, 2026.
お知らせ • Oct 29BCE Inc. Announces Gordon Nixon Stepping Down as Chair and Not Seeking Re-Election as Director, Effective May 7, 2026BCE Inc. announced that Gordon Nixon, who will reach the end of his 12-year term in 2026, will step down as Chair and not seek re-election as a Director at the Annual General Shareholder Meeting on May 7, 2026. Mr. Nixon joined the Board in 2014 and served as Chair for 10 years. As part of the Board's renewal and succession plan, the Board plans to nominate BCE Director Louis Vachon C.M., O.Q., as Chair of the Board of Directors, contingent upon his re-election as a Director by BCE shareholders. Mr. Vachon joined the BCE Board in 2022 and is a member of the Management Resources and Compensation Committee and Risk and Pension Fund Committee.
お知らせ • Oct 15BCE Inc. Provides Earnings Guidance for the Year 2025 and 2028BCE Inc. provided earnings guidance for the year 2025. For the year, Revenue to be ~ $24.7 billion. For the year 2028, the company expected revenue to be $26.2 - $27.8 billion.
お知らせ • Oct 02BCE Inc. to Report Q3, 2025 Results on Nov 06, 2025BCE Inc. announced that they will report Q3, 2025 results on Nov 06, 2025
お知らせ • Sep 09BCE Inc. announces Quarterly dividend, payable on October 15, 2025BCE Inc. announced Quarterly dividend of CAD 0.4375 per share payable on October 15, 2025, ex-date on September 15, 2025 and record date on September 15, 2025.
Upcoming Dividend • Sep 08Upcoming dividend of CA$0.44 per shareEligible shareholders must have bought the stock before 15 September 2025. Payment date: 15 October 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.1%. Within top quartile of American dividend payers (4.4%). In line with average of industry peers (5.6%).
Declared Dividend • Aug 10Second quarter dividend of CA$0.44 announcedShareholders will receive a dividend of CA$0.44. Ex-date: 15th September 2025 Payment date: 15th October 2025 Dividend yield will be 8.8%, which is higher than the industry average of 6.2%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 7x earnings). However, it is well covered by cash flows (43% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 709% to bring the payout ratio under control. EPS is expected to grow by 124% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Aug 09Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: CA$0.62 (up from CA$0.59 in 2Q 2024). Revenue: CA$6.09b (up 1.3% from 2Q 2024). Net income: CA$579.0m (up 7.8% from 2Q 2024). Profit margin: 9.5% (in line with 2Q 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 3.7%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 03Rogers Communications Inc. (TSX:RCI.B) completed the acquisition of an additional 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc. (TSX:BCE).Rogers Communications Inc. (TSX:RCI.B) entered into an agreement to acquire an additional 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc. (TSX:BCE) for CAD 4.7 billion on September 18, 2024. This includes access to content rights for 50% of Toronto Maple Leafs regional games and 50% of Toronto Raptors games for which MLSE controls the rights. The consideration is subject to certain adjustments. Bell remains official telecom sponsor of the Toronto Raptors and continues sponsorships of Toronto Argonauts and Toronto FC. The deal is subject to league approvals, approval from the Canadian Radio-television and Telecommunications Commission and approval from Competition Bureau. Rogers and Bell received a "no-action letter" on December 12, 2024, from the Bureau, indicating that the Commissioner of Competition does not intend to challenge Rogers acquisition of Bell’s interest in MLSE. As of December 13, 2024, Rogers Communications has received clearance from the Competition Bureau to proceed with the acquisition. As of June 12, 2025 Rogers received approval from the Canadian Radio-television and Telecommunications Commission and deal is expected to close in early July. The transaction is expected to close in mid-2025. BCE currently intends to direct proceeds of this sale towards reducing debt levels and to support its ongoing transformation from telco to telco with a focus on core growth drivers. As of June 4, 2025, Rogers Communications has received all league approvals to buy out Bell’s 37.5% stake in Maple Leaf Sports & Entertainment. In February 2025, we issued three tranches of subordinated notes, consisting of, CAD 1.5 billion due 2055 with an initial coupon of 7.00% for the first five years, CAD 1.4 billion due 2055 with an initial coupon of 7.125% for the first ten years; and CAD 2 billion due 2055 with an initial coupon of 5.625% for the first five years. Rogers Communications received net proceeds of CAD approximately 5 billion from the issuances and intend to use the proceeds to repay debt and to fund a portion of the MLSE Transaction. J.P. Morgan acted as financial advisor to Rogers Communications Inc. Shlomi Feiner, Jacob Gofman, Micah Wood, Jonathan Bitran, Paul Stepak, Evan Schmid and Michael Matheson of Blake, Cassels & Graydon LLP acted as legal advisor to BCE Inc. Melanie Shishler, Aaron Atkinson, Marc Pontone, David Wilson, Daniel Pearlman and Anita Banicevic of Davies Ward Phillips & Vineberg LLP acted as legal advisor to Rogers Communications Inc. Rogers Communications Inc. (TSX:RCI.B) completed the acquisition of an additional 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc. (TSX:BCE) on July 1, 2025. On completion, Rogers holds 75% stake in Maple Leaf Sports & Entertainment. The purchase price was primarily funded from revolving bank credit facilities together with cash on hand. The transaction has received all necessary regulatory and league approvals.
Upcoming Dividend • Jun 09Upcoming dividend of CA$0.44 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 15 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.9%. Within top quartile of American dividend payers (4.8%). In line with average of industry peers (5.8%).
Reported Earnings • May 09First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: CA$0.73 (up from CA$0.44 in 1Q 2024). Revenue: CA$5.93b (down 1.3% from 1Q 2024). Net income: CA$671.0m (up 67% from 1Q 2024). Profit margin: 11% (up from 6.7% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 31%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
お知らせ • May 09BCE Inc. announces Quarterly dividend, payable on July 15, 2025BCE Inc. announced Quarterly dividend of CAD 0.4375 per share payable on July 15, 2025, ex-date on June 16, 2025 and record date on June 16, 2025.
お知らせ • Apr 03BCE Inc. to Report Q1, 2025 Results on May 08, 2025BCE Inc. announced that they will report Q1, 2025 results on May 08, 2025
Reported Earnings • Mar 09Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: CA$0.18 (down from CA$2.28 in FY 2023). Revenue: CA$24.4b (down 1.1% from FY 2023). Net income: CA$163.0m (down 92% from FY 2023). Profit margin: 0.7% (down from 8.4% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 83%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Mar 07Upcoming dividend of CA$1.00 per shareEligible shareholders must have bought the stock before 14 March 2025. Payment date: 15 April 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of American dividend payers (4.6%). Higher than average of industry peers (6.1%).
お知らせ • Feb 20BCE Inc., Annual General Meeting, May 08, 2025BCE Inc., Annual General Meeting, May 08, 2025.
Seeking Alpha • Feb 10BCE Tees Up The Big Dividend Cut And Stops Digging That HoleSummary We had previously suggested that BCE had a very high probability of cutting its outsized dividend. Management set that up with the Q4-2024 results. We go over the hints dropped and speculate on the size of the cut and its timing. We update our thesis and tell you which Canadian telecom is the best value today. Read the full article on Seeking Alpha
Declared Dividend • Feb 09Third quarter dividend of CA$1.00 announcedShareholders will receive a dividend of CA$1.00. Ex-date: 14th March 2025 Payment date: 15th April 2025 Dividend yield will be 14%, which is higher than the industry average of 6.2%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 43x earnings) nor is it covered by cash flows (123% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 4,679% to bring the payout ratio under control. EPS is expected to grow by 125% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Jan 02BCE Inc. to Report Fiscal Year 2024 Results on Feb 06, 2025BCE Inc. announced that they will report fiscal year 2024 results on Feb 06, 2025
Seeking Alpha • Dec 26BCE: The Ziply Deal Is Not As Bad As It SeemsSummary BCE's sale of MLSE stake to Rogers aimed to streamline the company, but the $5B Ziply Fiber acquisition raised management concerns, leading to a rating downgrade. Despite the market's negative reaction, Ziply Fiber aligns better with BCE's telecom operations, potentially offering higher operating revenues than MLSE. Lower Canadian interest rates and potential tax-loss selling create a buying opportunity for dividend investors, even with the risk of dividend cuts. BCE's current price suggests a dividend cut is priced in, and the company remains a vital player in the Canadian telecom sector. Read the full article on Seeking Alpha
Recent Insider Transactions • Dec 26Independent Director recently sold US$672k worth of stockOn the 17th of December, Calin Rovinescu sold around 29k shares on-market at roughly US$23.57 per share. This transaction amounted to 72% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$1.3m more than they sold in the last 12 months.
New Risk • Dec 22New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.4m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Dividend per share is over 43x earnings per share. Cash payout ratio: 123% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Significant insider selling over the past 3 months (US$1.4m sold).
Upcoming Dividend • Dec 09Upcoming dividend of CA$1.00 per shareEligible shareholders must have bought the stock before 16 December 2024. Payment date: 15 January 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (6.4%).
Seeking Alpha • Nov 15BCE: Don't Get Caught By The Double-Digit YieldSummary BCE Inc.'s dividend yield is over 10%, raising concerns about a potential cut due to poor cash flow and rising debt costs. The company's recent capital allocation, including the Ziply acquisition, has not improved cash flow, and debt refinancing costs are increasing. Regulatory pressures and high mobility costs in Canada further strain BCE's financial outlook, making dividend maintenance challenging. Despite a 40+ year history of stable dividends, financial realities suggest BCE may struggle to sustain its current payout in my opinion. Read the full article on Seeking Alpha
Declared Dividend • Nov 10Third quarter dividend of CA$1.00 announcedShareholders will receive a dividend of CA$1.00. Ex-date: 16th December 2024 Payment date: 15th January 2025 Dividend yield will be 11%, which is higher than the industry average of 6.2%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 43x earnings) nor is it covered by cash flows (123% cash payout ratio). The dividend has increased by an average of 4.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 4,679% to bring the payout ratio under control. EPS is expected to grow by 189% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: CA$1.36 loss per share (down from CA$0.70 profit in 3Q 2023). Revenue: CA$5.97b (down 1.8% from 3Q 2023). Net loss: CA$1.24b (down 293% from profit in 3Q 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Seeking Alpha • Oct 14BCE: $3.5 Billion MLSE Sale And Lower Rates Are Catalysts For ReboundSummary BCE has underperformed, down 14% this past year and nearly 35% in the last three, despite high dividend yields of 8.84%. Regulatory pressures and increased debt levels have raised concerns about dividend cuts, but payments have remained stable. Recent macroeconomic changes and strategic pivots suggest BCE is undervalued and can sustain dividends into 2025. I rate BCE stock a Strong Buy, anticipating its successful transition from a telco to a techco. Read the full article on Seeking Alpha
Seeking Alpha • Sep 20BCE Is Dead To Me - August Dividend Income ReportSummary Telcos are capital-intensive. It means they must spend considerable amounts of money to maintain and improve their networks. Since 2017, BCE has been on a streak of securing more and more debt. ATD reported a mixed quarter as revenue jumped by 17%, but EPS declined by 4%. Read the full article on Seeking Alpha
お知らせ • Sep 18Rogers Communications Inc. (TSX:RCI.B) entered into an agreement to acquire 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc. (TSX:BCE) for CAD 4.7 billionRogers Communications Inc. (TSX:RCI.B) entered into an agreement to acquire 37.5% stake in Maple Leaf Sports & Entertainment Ltd. from BCE Inc. (TSX:BCE) for CAD 4.7 billion on September 18, 2024. This includes access to content rights for 50% of Toronto Maple Leafs regional games and 50% of Toronto Raptors games for which MLSE controls the rights. Bell remains official telecom sponsor of the Toronto Raptors, and continues sponsorships of Toronto Argonauts and Toronto FC The transaction is subject to league and regulatory approvals. The transaction is expected to close in mid-2025. BCE currently intends to direct proceeds of this sale towards reducing debt levels and to support its ongoing transformation from telco to telco with a focus on core growth drivers.
Seeking Alpha • Sep 09BCE's 8.3% Yield: A Telecom Giant Ready For A ComebackSummary BCE offers an 8.3% dividend yield and trades at a discounted Price-to-Cash Flow ratio of 5.9x, making it an attractive value play. Despite recent stock underperformance, BCE shows resilience with growth in mobile subscribers, broadband, and business solutions, driven by strategic investments in fiber and 5G. Cost-saving initiatives, including AI-driven customer service, enhance future cash flow and improve dividend coverage, with $20 million saved in Q2 alone. BCE's strong balance sheet, BBB+ credit rating, and well-laddered debt schedule support its potential for market-level returns, despite regulatory risks. Read the full article on Seeking Alpha
Upcoming Dividend • Sep 09Upcoming dividend of CA$1.00 per shareEligible shareholders must have bought the stock before 16 September 2024. Payment date: 15 October 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.2%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (5.8%).
Declared Dividend • Aug 04Second quarter dividend of CA$1.00 announcedShareholders will receive a dividend of CA$1.00. Ex-date: 16th September 2024 Payment date: 15th October 2024 Dividend yield will be 9.3%, which is higher than the industry average of 6.2%. Sustainability & Growth Dividend is not covered by earnings (180% earnings payout ratio) nor is it covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 5.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 100% to bring the payout ratio under control. EPS is expected to grow by 42% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Aug 02Second quarter 2024 earnings: EPS and revenues miss analyst expectationsSecond quarter 2024 results: EPS: CA$0.59 (up from CA$0.36 in 2Q 2023). Revenue: CA$6.01b (down 1.0% from 2Q 2023). Net income: CA$537.0m (up 63% from 2Q 2023). Profit margin: 8.9% (up from 5.4% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 5.7%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year.
Seeking Alpha • Jul 07BCE: Downgrade On Deteriorating EconomySummary BCE is a leading telecommunications provider in Canada with a strong market share and a diverse media business. BCE's first-quarter results were steady and in line with analyst estimates. However, I worry about the effects of a deteriorating Canadian economy. Looking farther out, tightening immigration rules may curb the new customers in the wireless markets, leading to increased price competition between carriers. I am also worried that management has moved the goalpost on leverage, suggesting they do not have any plans to delever the business. Read the full article on Seeking Alpha
お知らせ • Jun 28BCE Inc. to Report Q2, 2024 Results on Aug 01, 2024BCE Inc. announced that they will report Q2, 2024 results on Aug 01, 2024
Seeking Alpha • Jun 17BCE: The Canadian Bell Rings With 8.9% Dividend Yield + 3 High Yield Telecommunication Stocks - ATT, Verizon, And VodafoneSummary Telecommunication companies in the communication sector offer high yields, investible S&P credit ratings, and 6%+ dividend yields. BCE Inc. has an 8.9% yield, Verizon has a 6.7% yield, AT&T Inc. has a 6.3% yield, and Vodafone Group PLC has an 11.1% yield. Despite challenges like regulatory rulings and dividend cuts, these telecom companies provide reliable high-yield income and are considered good investments for income portfolios. The Rose Take and Recommendation is made for each company. Read the full article on Seeking Alpha
Upcoming Dividend • Jun 07Upcoming dividend of CA$1.00 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 15 July 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.5%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (6.2%).
Reported Earnings • May 08First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: CA$0.44 (down from CA$0.80 in 1Q 2023). Revenue: CA$6.01b (flat on 1Q 2023). Net income: CA$402.0m (down 45% from 1Q 2023). Profit margin: 6.7% (down from 12% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year.
お知らせ • May 03+ 1 more updateBCE Inc. Declares Quarterly Dividend, Payable on July 15, 2024BCE Inc. declared a quarterly dividend of $0.9975 per common share, payable on July 15, 2024 to shareholders of record at the close of business on June 14, 2024.
Seeking Alpha • Apr 22BCE: Why I Added This 9% Yield To My PortfolioSummary BCE is a leading telecommunications provider in Canada with a strong market share and a diverse media business. BCE shares have plummeted while the market has rallied, creating an attractive entry point. While BCE does face increased competition in wireless, I believe the company's cheap valuation more than prices that in. Read the full article on Seeking Alpha
お知らせ • Mar 29BCE Inc. to Report Q1, 2024 Results on May 02, 2024BCE Inc. announced that they will report Q1, 2024 results on May 02, 2024
Seeking Alpha • Mar 12BCE Inc.: Is This Succulent 7.9% Dividend Safe?Summary BCE, a Canadian telecom giant, is projected to pay out more in dividends than it earns in 2024. The company's dividend is at risk of being cut due to its unsustainable payout ratio. However, I believe that BCE's dividend is safe in the long term, with potential for improvement in 2025 and beyond. Read the full article on Seeking Alpha
Seeking Alpha • Feb 10BCE Inc. Is A Great Bargain Back At 7.6% YieldSummary BCE Inc. has seen a material decline in share price but has strong operating fundamentals, including revenue and adjusted EPS growth. The company is benefiting from its fiber buildout and surpassing its 5G coverage objectives, which has led to growth in its mobile and internet business. BCE has a strong credit rating, liquidity position, and a history of dividend growth, making it an appealing choice for income investors while it's undervalued. Read the full article on Seeking Alpha
お知らせ • Feb 09+ 1 more updateBell Axes Workers While Lining Pockets of ShareholdersUnifor is outraged about announcement from Bell Canada Enterprises Inc. (BCE Inc.) to cut 4,800 jobs – 9% of its workforce – affecting 800 of the union's members, while deliberately putting shareholders ahead of workers with increased dividend payouts. Of the 800 Unifor members, the vast majority come from the telecommunications sector, who are largely workers responsible for keeping Canadians connected, with 100 workers coming from the media sector. This is the largest mass layoff by the company in 30 years and delivered at a time when the company is on sound financial footing, able to continuously raise dividends year-over-year during the past decade and buy back shares which helps to feather the nests of shareholders and executives. The announcement marks the second major layoff at the media and telecommunications company since June, when it announced 6% of jobs were eliminated and nine radio stations were either closed or sold.
お知らせ • Feb 08+ 1 more updateBCE Inc. Declares Quarterly Dividend, Payable on April 15, 2024BCE Inc. announced that Board of Directors has declared a quarterly dividend of $0.9975 per common share, payable on April 15, 2024 to shareholders of record at the close of business on March 15, 2024.
Seeking Alpha • Jan 22BCE: Attractive Valuation Relative To TELUS And RogersSummary Our covered call strategy for BCE outperformed a straight buy and hold, providing the same dividends with lower capital deployment and less volatility. We examine the Q3-2023 results and tell you where the soft spots were. We run BCE's valuation against its 2 rivals, TELUS and Rogers, and show you why this one makes more sense today. Read the full article on Seeking Alpha
お知らせ • Jan 05BCE Inc. to Report Q4, 2023 Results on Feb 08, 2024BCE Inc. announced that they will report Q4, 2023 results on Feb 08, 2024
Upcoming Dividend • Dec 07Upcoming dividend of CA$0.97 per share at 7.0% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 15 January 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.0%. Within top quartile of American dividend payers (4.8%). In line with average of industry peers (6.6%).
Seeking Alpha • Nov 20BCE: A Deep Value Play With An Above 7% Dividend YieldSummary BCE is a Canadian dividend aristocrat in the telecommunications industry with a dominant positioning and strong profitability metrics. The company has a stellar track record of dividend hikes and offers an above 7% forward dividend yield, making it appealing for risk-averse investors. My valuation analysis suggests BCE stock is substantially undervalued. Read the full article on Seeking Alpha
New Risk • Nov 17New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 157% Cash payout ratio: 155% Minor Risks High level of debt (160% net debt to equity). Significant insider selling over the past 3 months (US$1.9m sold).
Recent Insider Transactions • Nov 13Group President of Business Markets recently sold US$1.3m worth of stockOn the 10th of November, John Watson sold around 32k shares on-market at roughly US$38.81 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.8m more than they bought in the last 12 months.
お知らせ • Nov 04BCE Inc. confirms Earnings Guidance for the Year 2023BCE Inc. confirmed earnings guidance for the year 2023. For the period, the company expects revenue growth to be 1% to 5%.
お知らせ • Nov 03BCE Inc. Declares a Quarterly Dividend, Payable on January 15, 2024BCE Inc.'s Board of Directors has declared a quarterly dividend of $0.9675 per common share, payable on January 15, 2024 to shareholders of record at the close of business on December 15, 2023.
お知らせ • Sep 29BCE Inc. to Report Q3, 2023 Results on Nov 02, 2023BCE Inc. announced that they will report Q3, 2023 results on Nov 02, 2023
お知らせ • Aug 05+ 1 more updateBCE Inc. Declares Quarterly Dividend, Payable on October 16, 2023BCE Inc.'s board of directors has declared a quarterly dividend of $0.9675 per common share, payable on October 16, 2023 to shareholders of record at the close of business on September 15, 2023.
お知らせ • Jun 30BCE Inc. to Report Q2, 2023 Results on Aug 03, 2023BCE Inc. announced that they will report Q2, 2023 results on Aug 03, 2023
お知らせ • May 06+ 2 more updatesBCE Inc. Announces CFO ChangesBCE Inc. announced that Glen LeBlanc, EVP and Chief Financial Officer of BCE and Bell Canada will retire as CFO effective September 1, 2023. Curtis Millen, currently SVP, Corporate Strategy &Treasurer, will be promoted to CFO. Glen will maintain his position as Vice-Chair, Atlantic, Chair of Northwestel, and as Board member and Chair of the Audit Committee for Maple Leafs Sports &Entertainment. He will also provide leadership and direction to ensure a smooth transition on BCE's financial operations until the end of December, 2023. Curtis Millen, currently SVP Corporate Strategy and Treasurer, will become Chief Financial Officer effective September 1, 2023. Curtis Millen joined Bell in 2008 as Director, Corporate Strategy and M&A and held successively senior positions, most recently as SVP, Corporate Strategy and Treasurer, head of Bell Ventures and President of BIMCOR, a wholly-owned subsidiary of Bell that is one of the largest private sector pension fund management companies in Canada. Curtis will continue to be based at Bell's headquarters in Montral.
お知らせ • May 05BCE Inc. Declares Quarterly Dividend, Payable on July 17, 2023BCE Inc. announced that its Board of Directors has declared a quarterly dividend of $0.9675 per common share, payable on July 17, 2023 to shareholders of record at the close of business on June 15, 2023.