BCE (BCE) Dividend Yield %

: 8.98% (As of Today)

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As of today (2024-04-18), the Trailing Annual Dividend Yield of BCE is 8.98%.

Good Sign:

BCE Inc stock dividend yield is close to 10-year high.

The historical rank and industry rank for BCE's Dividend Yield % or its related term are showing as below:

BCE' s Dividend Yield % Range Over the Past 10 Years
Min: 4.22 Med: 5.13 Max: 8.99
Current: 8.98

During the past 13 years, the highest Dividend Yield of BCE was 8.99%. The lowest was 4.22%. And the median was 5.13%.

BCE's Dividend Yield % is ranked better than
90.22% of 225 companies
in the Telecommunication Services industry
Industry Median: 4.13 vs BCE: 8.98

BCE's Dividend Payout Ratio for the three months ended in Dec. 2023 was 1.85.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of BCE Inc is 1.52, which seems too high.

During the past 13 years, the highest Dividend Payout Ratio of BCE was 1.52. The lowest was 0.77. And the median was 0.89.

As of today (2024-04-18), the Forward Dividend Yield % of BCE is 9.02%.

BCE's Dividends per Share for the three months ended in Dec. 2023 was $0.72.

During the past 12 months, BCE's average Dividends Per Share Growth Rate was 5.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of BCE was 53.90% per year. The lowest was -17.90% per year. And the median was 5.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

BCE Dividend Yield % Historical Data

The historical data trend for BCE's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

BCE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Yield %

5.18

5.84

5.35

6.27

7.33

BCE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Yield %																6.27	6.14	6.13	7.48	7.33

Competitive Comparison

For the Telecom Services subindustry, BCE's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

BCE Dividend Yield % Distribution

For the Telecommunication Services industry and Communication Services sector, BCE's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where BCE's Dividend Yield % falls into.

BCE Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

BCE Recent Full-Year* Dividend History

Amount	Ex-date	Record Date	Pay Date	Type	Frequency	Forex Rate
CAD 0.998	2024-03-14	2024-03-15	2024-04-15	Cash Dividend	quarterly	CAD: 1.000000
CAD 0.968	2023-12-14	2023-12-15	2024-01-15	Cash Dividend	quarterly	CAD: 1.000000
CAD 0.968	2023-09-14	2023-09-15	2023-10-16	Cash Dividend	quarterly	CAD: 1.000000
CAD 0.968	2023-06-14	2023-06-15	2023-07-17	Cash Dividend	quarterly	CAD: 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

BCE's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield	=	Most Recent Full Year Dividend	/	Current Share Price
	=	3.902	/	32.21
	=	12.11 %

Current Share Price is $32.21.
BCE's Dividends per Share for the trailing twelve months (TTM) ended in Today is $3.902.

BCE's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield	=	Forward Full Year Dividend	/	Current Share Price
	=	3.992	/	32.21
	=	12.39 %

Current Share Price is $32.21.
BCE's Dividends per Share for the forward twelve months is calculated as $0.998 * 4 = $3.992.

BCE (NYSE:BCE) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

BCE Dividend Yield % Related Terms

Thank you for viewing the detailed overview of BCE's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.

BCE (BCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » BCE Inc (NYSE:BCE) » Definitions » Dividend Yield %

Comparable Companies

Traded in Other Exchanges

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Address

1 Carrefour Alexander Graham Bell, Tour A-7, Verdun, QC, CAN, H3E 3B3

Website

https://www.bce.ca

BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the big three national wireless carriers, with its roughly 10 million customers constituting about 30% of the market. It is also the ILEC (incumbent local exchange carrier—the legacy telephone provider) throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. Additionally, BCE has a media segment, which holds television, radio, and digital media assets. BCE licenses the Canadian rights to movie channels including HBO, Showtime, and Starz. In 2022, the wireline segment made up 52% of total EBITDA, while wireless was 31% and media provided the remainder.