Thursday, September 7, 2017

Recent Buy - BCE Inc. (BCE.TO)

On Tuesday September 5, I bought 20 shares of BCE Inc. at CA$ 58,82 per share plus commission.

BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services. The Bell Wireline segment provides data, including Internet access and Internet protocol TV, local telephone, and long distance, as well as other communications services and products. This segment also offers competitive local exchange carrier services; business service solutions, such as hosting and cloud, managed, professional, and infrastructure services; and Web and audio conferencing, and e-mail solutions. The Bell Media segment owns and operates approximately 30 conventional TV stations; 34 specialty and pay TV channels; 105 radio stations; 30,000 advertising faces; and 200 Websites. This segment also offers out of home advertising services and digital media services. BCE Inc. offers its services through a network of corporate and dealer-owned retail stores, national retailers, and call center representatives, as well as Websites and door-to-door sales representatives. The company was formerly known as Bell Canada Enterprises Inc. BCE Inc. was incorporated in 1970 and is headquartered in Verdun, Canada.

BCE is a member of Canadian Dividend All-Star List with a 8 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 5.0, 5.4 , 5.9 and 7.5. BCE Inc. now pays dividends of CA$ 0.7175 per share normally in January, April, July and October.

If you are interested, you can read analysis of Enbridge by Dividend Earner here.

Details of my purchase:

Some ratings for BCE:

    Yahoo:  Mean Recommendation 2.8, 1y Target Est CA$ 61.61
    Reuters: Mean Rating 2.72
    Morningstar:  (***) 

At today's exchange rate, this purchase 20 shares of BCE will increase € 29.32 (CA$ 42.76) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to € 10,980.00. With a purchase price CA$ 58.82 plus commission (CA$ 5.00) my starting yield on cost is 4.36%. After this acquisition, BCE's weight of my portfolio is about 0.22% and its share of future annual dividend income is approximately 0.27%. My purpose is slowly to build up a BCE's share of my portfolio, if the price remains at these levels.

Click here to see my portfolio.

Full Disclosure: Long BCE 

Thanks for stopping by!

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