BCE Inc. reports Q4 results

Today BCE reported earnings of $540M, up 16%, and largely in line with analysts expectations; for the year, net earnings came in at $2.55, down from $3.17 the previous year, partly as a result of CRTC costs associated with the Astral Media acquisition.

For the coming year, BCE expects earnings of $3.10 to $3.20.

BCE, a core holding, makes up the largest percentage of my portfolio as a result of it’s standing as a top-5 dividend yielding issue on the TSX60. Today’s announcement of a 6% increase to the dividend makes it the tenth over the last 5 years, totalling almost 10% compound Dividend Growth.

Put another way, I just got a raise!

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