Topic: How To Invest

The Successful Investor Hotline – Friday, June 28, 2024

Article Excerpt

BCE INC., $44.31, Toronto symbol BCE, remains your #1 Income Buy for 2024. 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 9.0%. BCE also owns The Source retail chain, which sells consumer electronics through 272 retail stores. Under a new partnership with electronics retailer Best Buy, the company plans to re-brand 165 of these stores as “Best Buy Express” outlets. This week, it opened its first outlet in Surrey, British Columbia. BCE expects to complete this re-branding project by the end of 2024. The company continues to…