BCE Inc.
BCECommunication Services · Stock · quarterly payer
Forward Yield
5.79%
Annual Dividend
$1.23
Payout Ratio
26%
5-Yr Growth
-12.8%
Ex-Date
Jun 15, 2026
Frequency
Quarterly
Summary
As of July 2026, BCE Inc. (BCE) yields 5.79% ($1.23 per share annually), with a blended fair-value estimate of $28.74 — +35% upside, so it screens as undervalued. Dividend safety grade: C (61/100).
Is BCE a good dividend stock?
Yes, with caveatsBCE Inc. (BCE) pays a quarterly dividend yielding 5.79% ($1.23/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (26%)
Risks
- Cut its dividend in 2025
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.79%
- Payout Ratio
- 26%
- Annual Dividend
- $1.23
- 5-Yr Avg Growth
- -12.8%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.60
- Market Cap
- $19.9B
- P/E Ratio
- 4.4
- 5-Yr Total Return
- -59%
- 52-Week Range
- $20.87 – $26.52
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
BCE Price — Last 12 Months
Daily close
Price Return
1 Year
-15%
3 Years
-50%
5 Years
-59%
52-Week Range
$20.87 – $26.52
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BCE worth?
Undervaluedmedium confidenceOur blended fair-value estimate for BCE Inc. is $28.74 per share, versus a market price of $21.30. That implies 35% of upside — a margin of safety of about 26%.
Fair Value
$28.74
Current Price
$21.30
Upside
+35%
Margin of Safety
26%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 1.4% annual free-cash-flow growth. We model -4.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.3% discount rate (CAPM), -4.4% stage-1 growth, 2.5% terminal growth, $4.81 EPS, $1.23 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BCE Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $0.3130 | regular |
| Mar 16, 2026 | — | $0.3190 | regular |
| Dec 15, 2025 | — | $0.3150 | regular |
| Sep 15, 2025 | — | $0.3110 | regular |
| Jun 16, 2025 | — | $0.3190 | regular |
| Mar 14, 2025 | — | $0.7180 | regular |
| Dec 16, 2024 | — | $0.6950 | regular |
| Sep 16, 2024 | — | $0.7340 | regular |
| Jun 14, 2024 | — | $0.7260 | regular |
| Mar 14, 2024 | — | $0.7410 | regular |
| Dec 14, 2023 | — | $0.7160 | regular |
| Sep 14, 2023 | — | $0.7140 | regular |
| Jun 14, 2023 | — | $0.7270 | regular |
| Mar 14, 2023 | — | $0.7050 | regular |
Income Calculator
At $1.23 / yr per share
