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!