BCE (MEX:BCEN) Dividend Payout Ratio: 0.68 (As of Mar. 2026) — 33% Below Median

BCE MEX:BCEN 43 Dividend Payout Ratio is 0.68 as of Mar. 2026, which is 33% below its 10-year median of 1.01. GuruFocus rates MEX:BCEN with a GF Score™ of 43/100 and a GF Value™ of MXN439.41 (Fairly Valued). The stock has 7 warning signs investors should review. Among 191 Telecommunication Services companies, BCE ranks worse than 53.93% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. BCE's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.68.

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

MEX:BCEN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.59 Med: 1.01 Max: 1.31
Current: 0.59

During the past 13 years, the highest Dividend Payout Ratio of BCE was 1.31. The lowest was 0.59. And the median was 1.01.

MEX:BCEN's Dividend Payout Ratio is ranked worse than
53.93% of 191 companies
in the Telecommunication Services industry
Industry Median: 0.53 vs MEX:BCEN: 0.59

As of today (2026-06-24), the Dividend Yield % of BCE is 5.33%.

During the past 13 years, the highest Trailing Annual Dividend Yield of BCE was 13.52%. The lowest was 4.22%. And the median was 5.61%.

BCE's Dividends per Share for the months ended in Mar. 2026 was MXN5.75.

During the past 12 months, BCE's average Dividends Per Share Growth Rate was -56.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -14.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -3.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 2.10% 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.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

BCE (MEX:BCEN) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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.

BCE Dividend Payout Ratio Related Terms

BCE Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for BCE's Dividend Payout Ratio 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.

BCE Dividend Payout Ratio Chart

BCE Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.00

1.10

1.21

1.31

0.71

BCE Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.48	0.68	0.45	0.61	0.68

MEX:BCEN vs TMUS, VZ, T: Dividend Payout Ratio Comparison

For the Telecom Services subindustry, BCE's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Payout Ratio vs Telecommunication Services Industry

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

* The bar in red indicates where BCE's Dividend Payout Ratio falls into.

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BCE Inc MEX:BCEN

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BCE Dividend Payout Ratio Calculation

BCE's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	30.151	/	42.483
	=	0.71

BCE's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	5.75	/	8.446
	=	0.68

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.68 mean?

BCE (MEX:BCEN) has a Dividend Payout Ratio of 0.68 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on BCE and its competitors. This is 33% below median its historical median of 1.01. Over the past decade, BCE's Dividend Payout Ratio has ranged from 0.59 to 1.31. According to the industry distribution chart, BCE ranks #103 out of 191 companies in the Telecommunication Services industry, placing it in the top 53.9%.

Is BCE's Dividend Payout Ratio too high?

BCE's current Dividend Payout Ratio of 0.68 is 33% below median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.31. The Telecommunication Services industry median Dividend Payout Ratio is 0.53. BCE's value of 0.68 is 28.3% above this industry median. Based on the distribution chart, BCE ranks #103 out of 191 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, BCE has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does BCE's Dividend Payout Ratio compare to TMUS and VZ?

According to the Telecommunication Services industry distribution chart, BCE ranks #103 out of 191 companies for Dividend Payout Ratio. This places BCE in the lower half of its industry. The industry median Dividend Payout Ratio is 0.53. BCE's value of 0.68 is 28.3% above this benchmark. Historically, BCE's own Dividend Payout Ratio has ranged from 0.59 to 1.31 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.53, BCE has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Telecommunication Services company?

The median Dividend Payout Ratio among Telecommunication Services companies is 0.53, based on 191 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BCE's current Dividend Payout Ratio of 0.68 is 28.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on BCE and its competitors. For the Telecommunication Services industry, the median Dividend Payout Ratio is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BCE's current Dividend Payout Ratio is 0.68, which is 33% below median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is BCE stock overvalued right now?

Based on GuruFocus' analysis, BCE (MEX:BCEN) is currently considered Fairly Valued. The stock's GF Value™ is MXN439.41, compared to a current price of MXN417.00 — trading 5.1% below its estimated fair value. The current Dividend Payout Ratio is 0.68, which is 33% below median its 10-year median of 1.01 and 28.3% above the Telecommunication Services industry median of 0.53. BCE's overall GF Score™ is 43/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For BCE (MEX:BCEN), the current Dividend Payout Ratio is 0.68 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BCE (MEX:BCEN) Overvalued in 2026?

Based on GuruFocus' analysis, BCE stock appears to be undervalued. The current stock price of MXN417.00 is trading 5.1% below its estimated GF Value™ of MXN439.41. GuruFocus considers BCE to be Fairly Valued.

Key valuation signals for MEX:BCEN:

Dividend Payout Ratio: 0.68 (33% below median its 10-year median of 1.01)
GF Value™: MXN439.41 vs. price of MXN417.00 (5.1% below fair value)
GF Score™: 43/100 with 7 warning signs
Industry Position: 28.3% above the Telecommunication Services median (#103 of 191)

No single metric tells the full story. See the MEX:BCEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

BCE Business Description

Industry Communication Services Telecommunication Services

Comparable Companies TSX:RCI.B TSX:T TSX:QBR.B TSX:CCA TSX:CGO TSX:TGO TSXV:USS TSXV:ADYA TSXV:GOK TSE:9984 SHSE:600941 TMUS VZ T XTER:DTE NSE:BHARTIARTL CMCSA XZIM:ECO.ZW HKSE:00728 MEX:AMXB

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Address 1 Carrefour Alexander Graham Bell, Building A, Tour A-7, 7th Floor, 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 over 10 million customers constituting about 30% of the market. It is also the 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. BCE has a media segment that holds television, radio, and digital media assets. BCE licenses the Canadian rights to HBO Max and Starz.

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MXN417.00

Price

MXN439.41

GF Value

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