Topic: How To Invest

The Successful Investor Hotline – Friday, February 4, 2022

Article Excerpt

BCE INC., $67.93, Toronto symbol BCE, is your #1 Income Buy for 2022. The company is Canada’s largest traditional telephone service provider. It also provides wireless services and high-speed Internet access, in addition to owning TV and radio stations. BCE has raised its dividend rate each year since 2008. The next increase will come in April 2022 when your quarterly payment increases to $0.92 a share, up 5.1% from $0.875. The new annual rate of $3.68 yields a high 5.4%. The company continues to benefit from strong demand for new mobile phones and high-speed Internet services. It added 109,527 new wireless subscribers (net of cancellations) under long-term contracts during the quarter, up 49.2% from 73,888 in the year-earlier quarter. It now has 9.46 million wireless users. As well, the return of live sports has helped boost advertising revenue at its media operations. Those gains offset lower sales of wireless and other equipment to businesses. In the quarter ended December 31, 2021, revenue rose 1.8%, to…