BCE Inc. Stock News

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Concerning Forward-Looking Statements" later in this release.

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.35%, ...

BCE Inc. (NYSE:BCE ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Thane Fotopoulos - Investor Relations Mirko Bibic - President and CEO Curtis Millen - Chief Financial Officer Conference Call Participants Sebastiano Petti - JPMorgan Vince Valentini - TD Securities Drew McReynolds - RBC Capital Markets Maher Yaghi - Scotia Bank Simon Flannery - Morgan Stanley...

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Concerning Forward-Looking Statements" later in this news release.

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Regarding Forward-Looking Statements" later in this news release.

BCE offers an attractive dividend yield nearing 10%, but its sustainability is questionable due to high debt. BCE's balance sheet is heavily leveraged due to 5G network investments and funding its dividend, raising concerns about future financial stability. Its recently announced deal to buy Ziply could be a long-term positive, but at the expense of near-term free cash flow.

Bell Canada parent BCE Inc (TSX:BCE) has expansded south of the border with the acquisition of US Pacific Northwest-focused Ziply Fiber for C$7 billion. The purchase, where Bell will pay C$5 billion in cash and take on C$2 billion of outstanding net debt, will add roughly 1.3 million fibre locations to take Bell to around 9 million fibre locations, reinforcing its position as the third-largest ...

This news release contains forward-looking statements. For a description of the related risk factors and assumptions, please see the section entitled "Caution Regarding Forward-Looking Statements" later in this release.