Updates on your Conservative stocks: BCE, Teck Resources and CPKC

Article Excerpt

BCE INC. $37 (www.bce.ca) remains a buy. The telecom provider is now paying $3.65 billion U.S. for Ziply Fiber, which sells high-speed Internet access and telephone services through a fibre-optic network to residential and business customers in four northwestern U.S states. To help cover that cost, BCE is selling its 37.5% stake Maple Leaf Sports and Entertainment for $4.2 billion. The new operations should immediately add to its earnings when it completes the purchase in late 2025. That will let BCE maintain its annual dividend rate of $3.99 a share (which yields a high 10.8%) through the end of 2025.  BCE is still a buy. TECK RESOURCES LTD. $65(www.teck.com) is a buy. The company now focuses on its copper and zinc mines following the recent sale of its metallurgical coal business. Teck used the proceeds to pay investors a special dividend of $0.50 a share. It also continues to pay its regular quarterly dividend of $0.125 a share; the annual rate of $0.50 yields 0.8%.  Teck Resources is…