Dividend Increase – BCE Inc. (BCE)

Today, February 7, the Board of Directors of BCE Inc. announced a quarterly dividend increase of from CA$ 0.755 to CA$ 0.7925 per share that’s payable April 15, 2019 to holders of record March 15, 2019. The declared dividend represents a 4.97 percent increase from the prior quarterly rate.

This is BCE's 15th increase to its annual common share dividend since Q4 2008, representing a total increase of 117%, and the 11th consecutive year that BCE has delivered 5% or better dividend growth while maintaining the dividend payout ratio(3) within the target policy range of 65% to 75% of free cash flow. The higher dividend for 2019 is fully supported by projected growth in free cash flow.

With current price CA$ 57.56 (today's open), this raise brings their dividend yield to 5.51%.

Since I own 105 shares of BCE, this will increase my portfolio's projected annual net dividend income by CA$ 11.73.

This increase rises my YOC to 5.43%.

Summary of 2019 Dividend Increases / Cuts

No.	Ticker	Increase %	Net Increase	Net Increase
			€	$
1	TSX:CU	7.48%	8.14	9.93
2	O	2.04%	3.00	3.42
3	OKE	0.58%	0.65	0.75
4	WEC	6.79%	1.47	1.68
5	KMB	3.00%	1.02	1.16
6	INTC	5.00%	15.81	17.88
7	TELIA1	2.61%	13.00	14.82
8	NCC	-50.00%	-86.22	-98.61
9	CVX	6.25%	10.90	12.52
10	UPM	13.04%	122.93	140.95
11	GILD	10.53%	5.47	6.26
12	ADM	4.48%	3.33	3.80
13	MMM	5.88%	1.25	1.43
14	BIP	6.91%	0,77	0,87
15	NESTE	34.12%	172.84	196.45
16	ORNBV	3.45%	11.17	12.70
17	KESKOB	6.36%	10.43	11.85
18	SAMPO	9.62%	28.86	32.77
19	TSX:BCE	4.97%	7.79	8.84
	TOTAL		€332.59	$379.47

Increases have been reported by deducting a 25.5% capital income tax.

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You can follow the development of my dividends here.

Full Disclosure: Long BCE

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