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BCE Dividend Payout Ratio

: 1.15 (As of Jun. 2021)
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BCE's dividend payout ratio for the months ended in Jun. 2021 was 1.15.

Warning Sign:

If a company dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of BCE Inc is 1.15, which seems too high.

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

NYSE:BCE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.7   Med: 0.88   Max: 1.33
Current: 1.15

0.7
1.33

During the past 13 years, the highest Dividend Payout Ratio of BCE was 1.33. The lowest was 0.70. And the median was 0.88.

NYSE:BCE's Dividend Payout Ratio is ranked lower than
83% of the 186 Companies
in the Telecommunication Services industry.

( Industry Median: 0.61 vs. NYSE:BCE: 1.15 )

As of today (2021-09-24), the Dividend Yield % of BCE is 5.40%.

During the past 13 years, the highest Trailing Annual Dividend Yield of BCE was 6.22%. The lowest was 4.21%. And the median was 5.03%.

BCE's Dividends per Share for the months ended in Jun. 2021 was $0.72.

During the past 12 months, BCE's average Dividends Per Share Growth Rate was 5.10% 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 5.90% 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 5.40% per year.

The growth rate is calculated with least square regression.

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


BCE Dividend Payout Ratio Historical Data

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.

* Premium members only.

BCE Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Dividend Payout Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 0.90 0.97 0.95 1.33

BCE Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Dividend Payout Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.20 1.10 1.11 1.23 1.15

Competitive Comparison

For the Telecom Services industry, 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 Distribution

For the Telecom 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.



BCE Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

BCE's Dividend Payout Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2020 )/ EPS without NRI (A: Dec. 2020 )
=2.5997345616363/ 1.96
=1.33

BCE's Dividend Payout Ratio for the quarter that ended in Jun. 2021 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2021 )/ EPS without NRI (Q: Jun. 2021 )
=0.71603927986907/ 0.622
=1.15

* 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 (NYSE:BCE) Dividend Payout Ratio Explanation

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.


BCE Dividend Payout Ratio Related Terms

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


BCE Business Description

BCE logo
Industry
Address
1 Carrefour Alexander-Graham-Bell, Building A, 7th Floor, Verdun, QC, CAN, H3E 3B3
BCE is both a wireless and Internet service provider, offering 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 2020, the wireline segment accounted for 55% of total EBITDA, while wireless composed 38%, and media provided the remainder.

BCE Headlines

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