Topic: How To Invest

Dividend Advisor Hotline – Friday, July 19, 2024

Article Excerpt

BCE INC., $45.62, Toronto symbol BCE, is still a buy. The company is Canada’s largest traditional telephone service provider. It has 1.98 million residential customers in Ontario, Quebec, Manitoba and the Atlantic provinces. It also has 4.50 million high-speed Internet users and 2.08 million fibre-optic TV subscribers. In addition, the company sells wireless services to 13.01 million users across Canada, and it owns TV and radio stations. With the April 2024 payment, BCE raised your quarterly dividend by 3.1%. Investors now receive $0.9975 a share instead of $0.9675. The new annual rate of $3.99 yields a high 8.7%. The company recently announced two acquisitions that enhance its cybersecurity operations. Stratejm makes cloud-based software that uses artificial intelligence to rapidly detect and respond to malicious activity on computer networks. CloudKettle helps businesses better manage their cloud computing platforms. BCE has not yet said how much it paid for these businesses. However, their expertise will let the company sell more security services to clients who upgrade their…