TSX:BCETelecom
BCE Dividend Cut And Deals Recast Income Stock As Fiber Infrastructure Story
BCE (TSX:BCE) has cut its dividend significantly as it reshapes its financial priorities.
The company has completed its acquisition of Ziply Fiber, expanding its presence in fiber networks.
BCE has also sold its stake in Maple Leaf Sports & Entertainment to Rogers, with proceeds aimed at reducing debt.
These moves arrive at a time when TSX:BCE shares trade at CA$35.95, with the stock up 4.8% over the past week and 10.6% year to date. The company has faced a 26.3% decline over three years...