Friday, February 9, 2018

Dividend Increase – BCE Inc. (BCE)

Yesterday the board of directors of BCE Inc. announced a dividend increase of from CA$ 0.7175 to CA$ 0.755 per share that’s payable April 15, 2018 to holders of record March 15, 2018. This represents a 5.23% increase to regular quarterly dividends. Today's dividend announcement is BCE's 14th increase to its annual common share dividend since Q4 2008, representing a 107% increase. This is BCE's 10th consecutive year of 5% or better dividend growth, while maintaining the dividend payout ratio within the target policy range of 65% to 75% of free cash flow. The higher dividend for 2018 is fully supported by projected growth in free cash flow.

With current price CA$ 57.57 (Thursday's open), this raise brings their dividend yield to 5.25%.  

Since I own 45 shares of BCE, this will increase my yearly net dividends by CA$ 5.03.

That increase rises my YOC to 4.93% 

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long BCE 

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