Before interest rates come down, you may want to consider loading up on these terrific income stocks.Dividend stocks can be a great source of cash flow for your portfolio. You don't need to settle for stocks that pay just a few percentage points, either. Some fairly safe, high-yielding stocks pay far more than the S&P 500 average of 1.3%.Pfizer (PFE 0.42%), BCE (BCE 1.22%), and AT&T (T 1.13%) could all make for good income investments to add to your portfolio right now, as they all pay more than 5% and are ...

BCE Inc. (BCE) reported second-quarter 2024 adjusted earnings per share (EPS) of C$0.78 (57 cents), down 1.3% year over year. The Zacks Consensus Estimate was pegged at 59 cents.Quarterly total operating revenues fell 1% year over year to C$6,005 million ($4,388.9 million). The consensus estimate was pegged at $4,459.7 million. The contraction resulted from an 8.7% decrease in Product revenues, which totaled C$697 million, amid 0.1% growth in Service revenues, which came in at C$5,308 million.Segmental Resu ...

BCE (BCE) reported $4.39 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.8%. EPS of $0.57 for the same period compares to $0.59 a year ago.The reported revenue represents a surprise of -1.59% over the Zacks Consensus Estimate of $4.46 billion. With the consensus EPS estimate being $0.59, the EPS surprise was -3.39%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations ...

Financial Data and Key Metrics Changes - BCE reported a 2% growth in EBITDA for Q2 2024, with a margin increase of 1.3 points to 44.9% [5][6] - Free cash flow increased by 8% year-over-year to $1.1 billion, aligning with previous expectations [6][22] - Total revenue decreased by 1%, primarily due to an 8.7% drop in low-margin wireless and wireline product sales [22][24] - Net earnings rose by 52% in Q2, largely due to a non-cash loss recorded in Q2 2023 [23] Business Line Data and Key Metrics Changes - Wireless segment added 131,043 new mobile phone subscribers, a 4.4% increase, with a focus on higher quality main brand loadings [7][15] - Residential wireline saw 23,841 new retail Internet additions, marking the second-best Q2 results since 2007 [18] - Bell Media achieved a 1% increase in total revenue, driven by a 1.9% rise in advertising revenue and a 23% growth in digital advertising [26][20] Market Data and Key Metrics Changes - The competitive pricing environment in Canada remains intense, impacting ARPU, which decreased by 1.9% year-over-year [17][45] - The market for digital advertising is growing, with Bell Media's digital revenues up 23% year-over-year [20][26] Company Strategy and Development Direction - BCE is focused on profitable subscriber growth and cost reduction, with a clear strategy to enhance fiber deployment and digital media transformation [5][9] - The company is transitioning from traditional broadcasting to digital media, leveraging first-party data for advanced advertising solutions [9][10] - Recent acquisitions in technical services aim to strengthen cybersecurity and cloud capabilities, enhancing service offerings for enterprise customers [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fiber strategy as a growth engine, despite current pricing pressures [32] - The company plans to continue focusing on premium product offerings and customer lifetime value amidst competitive challenges [34][45] - Management remains optimistic about achieving financial guidance targets for 2024, despite a dynamic competitive environment [28] Other Important Information - BCE announced the sale of Northwestel for up to $1 billion, aimed at managing the balance sheet and reducing debt [14] - The company is transitioning 167 source stores to Best Buy Express, with all remaining stores closed [15] Q&A Session Summary Question: Wireline market competitiveness and fiber investment returns - Management affirmed that fiber remains a growth engine and is critical for long-term strategy, with room for ARPU growth despite current pricing pressures [31][32] Question: Opportunities with ServiceNow and AI - Management indicated that initiatives with ServiceNow are aimed at increasing operational efficiency and driving costs down, while also serving enterprise customers [35][36] Question: Cost savings run rate and prepaid vs. postpaid mix - Management confirmed confidence in achieving $150 million to $200 million in cost savings by year-end, with a focus on balancing prepaid and postpaid strategies [39][42] Question: ARPU growth scenarios and CapEx impact - Management acknowledged intense competitive pressure affecting ARPU but noted steps taken to reset pricing for sustainability [44][45] Question: BYOD activations and dividend strategies - Management clarified that 70% BYOD refers to postpaid gross activations and indicated that while dividend discount programs have been considered, they are not currently in the plan [48][49] Question: Addressing areas without fiber through fixed wireless - Management emphasized a focus on fiber superiority for growth, with limited plans for fixed wireless in areas lacking fiber [51]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

BCE (BCE) came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.39%. A quarter ago, it was expected that this Canada's largest telecommunications company would post earnings of $0.53 per share when it actually produced earnings of $0.53, delivering no surprise.Over the last four quarters ...

BCE Inc. (BCE) has made a transformative shift from being a traditional telecommunications provider to a technology service provider by acquiring CloudKettle, an innovative cloud solutions provider, and Stratejm — a leading cybersecurity solutions provider.Bell offers Canada's highly regulated and targeted network security services for clients like governments and banks. Their cost-effective and fully managed solution combines expertise and leading technology to detect and respond to sophisticated attacks p ...

BCE Inc (BCE) recently announced that it has received notice of an unsolicited mini-tender offer from TRC Capital Investment Corporation (TRC Capital) to buy up to 2,500,000 BCE common shares, representing roughly 0.3% of the company's outstanding shares.The offer price of C$43.40 per share is significantly below the current market price, suggesting a discount of around 4.43% and 4.44% to the closing prices on the Toronto Stock Exchange and the New York Stock Exchange, respectively, on Jun 24, 2024 — the la ...

TORONTO, July 02, 2024 (GLOBE NEWSWIRE) -- Beanfield, a local and independent telecom in Toronto, Montreal, Vancouver and Ottawa, with over 450 employees, has appointed Rizwan Jamal as its Chief Executive Officer effective immediately. David Pistachio, Chair of Beanfield's Board, said, "We are thrilled to have a telecom leader of Rizwan's experience join the Beanfield team. Our belief in this company and its bright future continues to grow. We are confident that Rizwan's vision and track record is exactly w ...

TORONTO, July 02, 2024 (GLOBE NEWSWIRE) -- Beanfield, a local and independent telecom in Toronto, Montreal, Vancouver and Ottawa, with over 450 employees, has appointed Rizwan Jamal as its Chief Executive Officer effective immediately. David Pistachio, Chair of Beanfield’s Board, said, “We are thrilled to have a telecom leader of Rizwan’s experience join the Beanfield team. Our belief in this company and its bright future continues to grow. We are confident that Rizwan’s vision and track record is exactly w ...