Topic: How To Invest

Dividend Advisor Hotline – Friday, January 29, 2021

Article Excerpt

BCE INC., $54.24, Toronto symbol BCE, is a top pick for 2021. The company is Canada’s largest traditional telephone service provider. It also provides wireless services and high-speed Internet access. It owns TV and radio stations. BCE has raised its dividend each year since 2008, and we expect it will do so again in the next few weeks. The current annual rate of $3.33 a share offers investors a high 6.1% yield. The company continues to benefit as the COVID-19 pandemic keeps most people working from home. That has spurred strong demand for high-speed Internet access and video streaming services like Crave (owned by BCE) and Netflix. Those gains help offset the now-lower wireless roaming fees it collects from travellers and its lower advertising revenue from the media businesses. BCE also continues to improve the speed and reliability of its networks, which should help it attract new users and hang on to its current customers. A big part of its future growth will come…