BCE Inc Dividend yield

BCE Inc is part of Fixed Line Telecommunications business, which is part of Telecommunications industry. BCE Inc is a company from Canada, and his stocks are publicly traded.

BCE Inc stock dividend

BCE Inc paid a total dividend of 3,522 million CAD last year, for a market value of 52,088 millions (Market Cap 17,363 millions). BCE Inc dividend per share is 3.87 CAD, and his stock market price 57.24 CAD.

According to the chart below, where dividend yield is displayed, BCE Inc has a dividend yield of 6.76%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Telecommunications industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare BCE Inc stocks dividend with other Fixed Line Telecommunications companies or other of the highest Canada dividend stocks list.

BCE Inc Dividend Payout

About the ability of BCE Inc to maintain his current dividend of CAD 3.87 per share, an amount that accounts for 6.76%, we should study its payout ratio both on earnings and on cash-flows (see chart below). BCE Inc payout on ernings is currently 73.02%, which is higher than the market average, and companies of Telecommunications industry, which are 39.34% and 41.86% respectively. Both figures show that BCE Inc can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of BCE Inc is CAD 9.09 per share, which is higher than the dividend per share paid by the company of CAD 3.87, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of BCE Inc, compared againt world market average, Canada companies, Telecommunications industry and Fixed Line Telecommunications sector companies.

BCE Inc Dividend History

Below you will find a table with the historical evolution of BCE Inc's dividend stock, both in percentage and in CAD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	CAD	Paypout	Shares*
Present	6.76%	3.87	73.02%	910
2022	6.19%	3.68	90.86%	910
2021	5.32%	3.50	92.59%	905
2020	6.12%	3.33	76.55%	904
2019	5.27%	3.17	78.08%	898
2018	5.60%	3.02	75.69%	898
2017	4.75%	2.87	73.21%	900
2016	4.72%	2.73	77.34%	865
2015	4.52%	2.60	75.14%	846

*In millions

Then you can see the evolution of BCE Inc dividend stock, and compare it with the average of Canada stocks and that of the Fixed Line Telecommunications stocks.

BCE Inc Stock performance

Finally, last moth BCE Inc showed a return of 0.50% compared to a worldwide -2.49% average, and a -0.77% of Telecommunications firms. Over the last year, the company obtained a -9.70% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and Fixed Line Telecommunications firms.