Dividend cut BCE's 'best strategy' to enable further expansion, says analyst [Yahoo! Finance Canada]
BCE, Inc. (BCE)
Last bce, inc. earnings: 2/6 07:00 am
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Source: Yahoo! Finance Canada
A dividend cut would be BCE's ( BCE.TO BCE ) “best strategy” to enable further expansion into the U.S., Scotia Capital analysts say, as fierce competition and restrictive regulations in Canada push the telecommunications company to seek growth elsewhere. Analyst Maher Yaghi writes that BCE's failed bid for U.S. fibre internet provider Frontier Communications — a company ultimately snapped up by U.S. giant Verizon — is a “big tell about the company's U.S. ambitions.” Yaghi argues that a dividend cut offers the clearest route for BCE to finance those hopes. “While cutting the dividend could cause some pressure on the stock in the short term,” Yaghi wrote, “we believe it is the best strategy to position the company to have a more flexible balance sheet to undertake additional [mergers and acquisition] transactions in the U.S. if deemed needed but more importantly provide the company with additional capital if competitive intensity in Canada remains elevated.” BCE Inc. (BCE.TO) I
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BCE
Earnings
- 11/7/24 - Beat
BCE
Sec Filings
- 11/18/24 - Form 6-K
- 11/18/24 - Form FWP
- 11/18/24 - Form 424B3
- BCE's page on the SEC website