BCE Inc Stock Price, News & Analysis

BCE has announced a 5.2% annual dividend increase, raising the dividend to $3.87 per share. This decision reflects the company's commitment to providing value to shareholders and indicates a robust financial position despite challenging market conditions. BCE's continuous growth strategy and operational efficiency are pivotal in supporting this increase.

BCE Inc. (TSX: BCE) (NYSE: BCE) will announce its fourth-quarter 2022 results and 2023 guidance on February 2, 2023, at 7:00 am Eastern Time. The call will feature CEO Mirko Bibic and CFO Glen LeBlanc, with media invited to listen only. Interested participants can dial 1-800-806-5484 or 416-340-2217, entering passcode 1475438#. A replay is available until March 2, 2023. A live audio webcast will be accessible via BCE's website.

BCE is Canada's largest communications company, offering comprehensive broadband, Internet, and media services.

Crave, a subsidiary of Bell Media, has secured a long-term Pay-One licensing agreement with Sony Pictures Entertainment, positioning itself as the exclusive Canadian streaming home for new SPE films after their theatrical release. Starting April 2023, subscribers will have access to a variety of films, including Spider-Man and Jumanji franchises, alongside new releases from other major series. This deal enhances Crave's content library and strengthens its competitive edge in the Canadian streaming market.

BCE Inc. (TSX: BCE) has announced the results of conversions for its fixed-rate Cumulative Redeemable First Preferred Shares, Series Z, and floating-rate Cumulative Redeemable First Preferred Shares, Series Y. On December 1, 2022, 137,274 Series Z shares will convert to Series Y shares, and 1,196,313 Series Y shares will convert back to Series Z shares. Post-conversion, there will be 2,977,548 Series Z and 7,020,252 Series Y shares outstanding. The Series Z shares will continue to offer a fixed dividend of 5.346%, while the Series Y will feature an adjustable floating dividend.

Bell Canada has announced a public offering of Cdn $1.0 billion in MTN Debentures, Series M-57, with a fixed interest rate of 5.85%. The debentures will be dated November 10, 2022, and mature on November 10, 2032. Issued at Cdn $99.768 per $100 principal amount, they have a yield to maturity of 5.881%. The proceeds will be used for short-term debt repayment and general corporate purposes. The offering is anticipated to close on November 10, 2022, subject to customary conditions.

BCE Inc. (BCE) has announced the renewal of its normal course issuer bid (NCIB) for purchasing up to 10% of the public float of its outstanding First Preferred Shares listed on the Toronto Stock Exchange. This NCIB will run from November 9, 2022, to November 8, 2023, unless completed earlier. BCE aims this buyback strategy to take advantage of potential undervaluation of its shares. As of November 2, 2022, BCE had not repurchased any shares under the previous bid that expires on November 8, 2022. BCE may employ an automatic securities purchase plan (ASPP) for these acquisitions.

BCE has announced a strategic investment in a groundbreaking technology aimed at enhancing network capabilities. This investment aligns with BCE's commitment to innovation, aiming to improve service delivery and customer satisfaction. The project is projected to increase efficiency and reduce operational costs significantly. BCE anticipates a positive impact on long-term financial performance, with potential revenue growth stemming from enhanced service offerings. The total investment is estimated at $300 million over three years.

BCE Inc. (TSX: BCE) will hold its third-quarter 2022 results conference call on November 3, 2022, at 8:00 am Eastern. Mirko Bibic, CEO, and Glen LeBlanc, CFO, will present, with media welcome to listen. Interested participants can join by calling 1-800-806-5484 or 416-340-2217 with passcode 1128694#. A replay will be accessible until December 1, 2022. The live audio webcast will be available on BCE's website.

BCE is Canada's largest communications company, offering advanced broadband, media, and business services.