BCE Inc Dividend yield




   CAD/share 
 Price  63.38
 Dividend  3.68
 Earnings  4.06
 Cash-flow  8.80
 Book value  20.45
 Equity  19.61

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 paid a total dividend of 3,349 million CAD last year, for a market value of 57,676 millions (Market Cap 19,225 millions). Dividend per share of BCE Inc is 3.68 CAD, and his stock market price 63.38 CAD.

According to the chart below, where dividend yield is displayed, BCE Inc has a dividend yield of 5.81%, 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 dividend yield with other Fixed Line Telecommunications companies or firms from Canada.

Dividend yield of BCE Inc

BCE Inc Dividend Payout

About the ability of BCE Inc to maintain his current dividend of CAD 3.68 per share, an amount that accounts for 5.81%, we should study its payout ratio both on earnings and on cash-flows (see chart below). BCE Inc payout on ernings is currently 90.64%, which is higher than the market average, and companies of Telecommunications industry, which are 40.22% and 47.83% 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 8.80 per share, which is higher than the dividend per share paid by the company of CAD 3.68, 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 payout

BCE Inc Dividend History

Year Yield  CAD  Paypout  Shares* 
Present5.81%3.6890.64%910
20215.32%3.5092.59%905
20206.12%3.3376.55%904
20195.27%3.1778.08%898
20185.60%3.0275.69%898
20174.75%2.8773.21%900
20164.72%2.7377.34%865
20154.52%2.6075.14%846

*In millions

BCE Inc Stock performance

Finally, last moth BCE Inc showed a return of -2.00% compared to a worldwide -0.44% average, and a -1.22% of Telecommunications firms. Over the last year, the company obtained a -3.70% versus a worldwide performance of a -6.34%. More detailed information can be seen in the following graph for Canada and Fixed Line Telecommunications firms.

BCE Inc stock and market return