Dividend Increase - Bell Canada Enterprises

Bell Canada Enterprises is the largest communications company in Canada servicing the residential and business customers. Bell Canada Enterprises in involves in television, wireline and wireless phones, wireline and wireless Internet and satellite TV.  Some of there specialty channels are TSN ( The Sports Network ) and BNN (Business News Network)

On February 6, 2014, Bell Canada Enterprises ( BCE) reported Q4 and 2013 results.

Some highlights are as follows: from BCE News Release Feb 6, 2014

•     BCE Q4 net earnings attributable to common shareholders of $495 million ; Adjusted net earnings of $540 million, up 16.4 % ; Adjusted net earnings per share of $0.70 which is up 16.7%
• Strong 11.4% growth in free cash flow in Q4 to $674 million
• Double- digit Wireless and Media EBITDA growth of 10.4% and 33.7% respectively, drives 7 percent increase in total BELL EBITDA.
• Bell Wireline EBITDA growth positive this quarter on stronger residential Wireline revenue growth and improving year-over-year Bell Business Markets financial performance.
• Healthy Q4 Wireless postpaid net additions of 119520; 2.1 % higher Wireless blended ARPU reflects increased data usage driven by steady smartphone growth; Consumer mobile roaming rates significantly reduced.
• Bell Fibre TV momentum continues with net additions of 60, 301, up 25% as service footprint expands to more than 4.3 million households; high speed  Internet activations more than double to 15,960; residential local access line losses improve 27.3 % year of year
• All 2013 financial guidelines targets have been achieved

BCE has announced a dividend increase of 6% to bring the annual dividend rate up to $2.47 CDN per share. Since 2008 Q4, the dividend for BCE has been increased 10 times for a combined increase of 69%. That definately beats most wage increases from a job in the same amount of time.

My shares of BCE were purchased on the Toronto Stock Exchange as I am from Canada.

Photo Credit : www.betterglobe.com

Disclosure : Long BCE


DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk