Market dataIncome framework read
Dividend CompanyTSXCanada

BCE.TO

BCE

Communication ServicesPlain dividendQuarterly

Market Snapshot

$32.74

+$0.63 (1.96%)

Toronto

Yield

5.35%

Rate $1.75

Next Payment

Next pay in 22 days

Ex-date 2026-06-15

52wk Position

46.58%

-9.68% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Quarterly income profile is visible

BCE.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.

2

DRIP defense

Editorial framework

Fortress at the default 100-share test

BCE.TO prints 1.34 shares per payment at default inputs. The defended price ceiling is $43.75.

3

Main watch item

Provider reported

Next payout date drives timing

BCE.TO has a visible provider payout date. For income calendars, ex-date and pay-date timing matter as much as annualized yield.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Fortress
Cash
$43.75
APR
1.336
Coverage
1.336

Fortress level. Selectively used for highest-priority rungs.

Price Creep

Defended price ceiling

Max defended
$43.75
Cushion
$11.01
Cushion %
33.63%
Current $32.74Break $43.75

Smart Recommendation

BCE.TO is inside the defended DRIP zone at these inputs; monitor price creep before adding new capital.

Research Signals

Payout sustainability

Weak

1mo ago

DRIP availability

Available

1mo ago

Tax character

Eligible dividend

1mo ago

Distribution history

Multi-decade

1mo ago

Structure complexity

Simple

1mo ago

Income trend

Declining

1mo ago

Account suitability

Non-reg: eligible div

1mo ago

Structure Overview

BCE Inc. is Canada's largest telecommunications company, operating wireless, wireline, and media businesses. BCE cut its dividend in February 2025 amid significant debt burdens accumulated through network buildout and the Ziply Fiber acquisition. The multi-decade dividend history preceded the cut; investors should plan around the post-cut level and assess the debt-reduction roadmap before projecting future growth.

Canadian Planning Notes

  • 1BCE's 2025 dividend cut materially changes its income profile; historical yield calculations based on pre-cut prices are not applicable to forward planning.
  • 2Post-cut eligible dividends still qualify for the tax credit; compare the current payout ratio and debt coverage before rebuilding income plans around BCE.
  • 3BCE's media and wireline segments face structural revenue pressure; assess whether the wireless and Ziply integration can offset these headwinds before factoring in dividend growth.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$32.74

Previous close

$32.11

Day range

$32.22 - $32.81

52wk range

$29.68 - $36.25

Market cap

30.5B

Volume

3.6M

Avg volume

4.4M

Exchange

Toronto

Dividend and distribution

Forward rate

$1.75

Trailing rate

$1.75

Forward yield

5.35%

Trailing yield

5.45%

Per payment

$0.44

Cadence

Quarterly

Next ex-date

Jun 15, 2026

Next pay

Jul 15, 2026

Last dividend

$0.44

Last dividend date

Jun 15, 2026

Performance

Daily change

$0.63

Daily change %

1.96%

52wk position

46.58%

Below 52wk high

-9.68%

Above 52wk low

10.31%

Open

$32.31

Earnings and financials

Trailing EPS

6.77

Forward EPS

2.71

Revenue

24.7B

Revenue growth

4.00%

Profit margin

26.08%

Operating margin

21.27%

Payout ratio

N/A

Free cash flow

2.7B

Total cash

1.4B

ROE

31.49%

ROA

4.43%

Debt/equity

181.63

Beta

0.59

Valuation

Trailing P/E

4.84

Forward P/E

12.1

Price/sales

1.24

Price/book

1.52

Enterprise value

75.7B

EV/EBITDA

8.74

Analyst facts

Target mean

$37.68

Target high

$45.00

Target low

$31.00

Recommendation mean

2.5

Recommendation key

buy

Analysts

17

Canadian Context

Account placement

Non-registered

Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.

TFSA: Tax-free growth and withdrawals.

RRSP: Tax-deferred growth, with withdrawals taxed as regular income.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.