Today, February 6, the Board of Directors of BCE Inc. announced a quarterly dividend increase from CA$ 0.7925 to CA$ 0.8325 per share that’s payable April 15, 2020 to holders of record March 16, 2020. This represents a 5.05% increase to the last quarterly dividend.
Mirko Bibic, Bell's President and Chief Executive Officer
said "I am also pleased to announce today the latest increase in BCE's
dividend to $3.33 per common share – our 12th consecutive year of 5% or higher
growth in the common share dividend."
With current price CA$ 62.87 (yesterday's close), this raise
brings their dividend yield to 5.30 %.
Since I own 105 shares of BCE, this will increase my
portfolio's projected annual net dividend income by $ 9.43.
This increase raises my YOC to 5.70%.
Summary of 2020 Dividend Increases / Cuts
Stick with quality companies which have paid & raised their dividend over the years and your income will grow each year regardless what the market does.
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