BCE Inc. has not been a stock to own for capital gains in recent years, but you could count on a generous dividend that got bumped up a bit every year. The dividend’s still growing, but BCE ’s share price has fallen by 14 per cent this year and 28 per cent in the past 12 months. The dividend yield, long in the 5- to 6-per-cent range, now approaches 9 per cent. If high yields are a warning, this one’s an air raid siren dialled up to 11.
A separate Morningstar equity analyst report dated April 3 slapped a five-star rating on BCE with a fair value estimate of $60. A headline in the report: Rogers, Telus, and BCE: The Selloff is Overdone; We Favor Rogers, but All Three Look Like Bargains. Most brokers and investing websites offer a consensus of analyst ratings for a stock. The consensus rating for BCE is a “hold”, based on 83 per cent of analysts covering the stock saying hold and 17 per cent saying “buy.” None have a “sell” on the stock.
Cent Stock Dividend BCE Company Hold Report CFRA Morningstar Globe
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