Thursday, February 4th the Board of Directors of BCE Inc.
(BCE) announced a
quarterly dividend increase of from CA$ 0.8325 to CA$ 0.875 per share that’s
payable April 15, 2021 to holders of record March 15, 2021. This represents a 5.11%
increase over the last quarterly dividend.
"Today, BCE is proud to announce a significant
acceleration in network capital investment to support Canada's recovery from
the social and economic impacts of COVID-19 alongside a 5.1% increase in our
common share dividend. These initiatives reflect our commitment to lead the
buildout of Canada's next-generation digital infrastructure while also
delivering increased dividend returns to the shareholders who have invested in
Bell's strategy of broadband innovation and growth," said Mirko Bibic,
President and CEO of BCE and Bell Canada.
With current price CA$ 56.05 (yesterday's close), this
raise brings their dividend yield to 6.24%.