Issue 39 – BCE: An Enticing 7% Dividend Yield

Montreal-based BCE Inc. (BCE-TSX, BCE-NYSE) is Canada’s largest communications services company, operating in three segments: wireless, wireline and Bell Media. BCE provides local, long distance and wireless telephone services, high-speed wireless internet, and media (cable TV and Bell Fibe) to residential and business customers in the Atlantic provinces, Quebec, Ontario, Manitoba, and Northern territories. Bell Media, which is the smallest in terms of revenues, is comprised of conventional and specialty TV channels, radio stations, as well as digital and traditional advertising. BCE also holds an estimated 37% ownership position in Maple Leafs Sports and Entertainment (MLSE) and an 18% slice of the Montreal Canadiens.

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By Charles Marleau CIM® and William Mitchell CIM®

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