Friday, December 10, 2010

Bell Canada Dishes Out Dividend Hike for 2011

Chris Damas submits:

It seems Bell Canada Enterprises (BCE) is getting a taste for serving up a surprise announcement on Friday morning just before the stock goes “ex” dividend.

BCE executive management this morning announced the dividend would be 7.7% higher for 2011, with a 3.5 cent hike in the quarterly rate to 49 1/4 cents, equating to a $1.97 rate and a 5.69% yield on yesterday’s close of $35.07.


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