BCE Inc (TSX:BCE)(NYSE:BCE) is a solid dividend stock that’s easy on the eyes. Not only don’t you have to worry about the stock fluctuating wildly from one day to the next, but you can also count on it to grow your dividend income for years, probably even decades.
The telecom giant has its tentacles in many different industries and that makes it extremely powerful as an investment since it gives shareholders the ease of knowing that there are many ways BCE can achieve sales growth – or to simply avoid a nasty dip from taking place.
In its most recent earnings report, BCE beat its per-share earnings expectations by three cents as it continues to see its bottom line grow, thanks to a strong outing by its wireless segment.
What makes the stock a great buy though is its dividend. With quarterly payments recently increased to $0.7925, shareholders are earning a yield of 5.6% today, which is a phenomenal payout for a blue-chip stock. In addition, BCE has grown its payouts over the years. Back in 2014, dividend payments were just $0.6175 and have increased 28% since then, for a compounded annual growth rate of 5.1% over that time.
It’s an appealing stock to hold and although it has only increased by 3% over the past 12 months, over the past decade it is up around 130%. It’s a long-term buy and one that you can be assured is not going anywhere anytime soon. With competition very limited, BCE is going to remain one of dominant players in the market for the foreseeable future.
