Tuesday, February 14, 2023

Dividend Increase - Directors of BCE Inc. (BCE)


Thursday, February 2nd the Board of Directors of BCE Inc. (BCE) announced a quarterly dividend increase of from C$0.92 to C$0.9675 per share that’s payable April 17, 2023 to holders of record March 15, 2023. This represents a 5.16% increase over the last quarterly dividend.

With current price $ 61.12 (yesterday's close), this raise brings their dividend yield to 6.33%.

BCE Inc. is a member of Canadian Dividend All Star List with a 14 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 5.1, 5.1, 5.1 and 5.2 (Canadian Dividend All-Star List)

Since I own 115 shares of BCE, this will increase my portfolio's projected annual net dividend income by C$16.28.

The increase was in line with my expectations and I’m happy to take it.

This is the 6th dividend increase I've received from BCE since initiating a position in September 2017. During this period, the dividend has grown reasonably from C$0.718 to C$0.9675 or 34.8%.

This increase raises my YOC to 6.85%.

Summary of 2023 Dividend Increases / Cuts

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long BCE

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