The Globe and Mail reports in its Monday, Aug. 4, edition that telcos have started to perk up in the past few months led by Rogers Communications. The Globe's guest columnist Amber Kanwar writes that BCE will have a chance to nab the spotlight with earnings due out Thursday morning. The last time BCE reported results, it slashed its dividend 56 per cent. This time, sales are expected to decline for a sixth quarter in a row, and analysts are expecting a 10-per-cent drop in earnings per share. However, since BCE cut its dividend, the stock is up (an ominous 6.66 per cent).
It still sports a decent dividend of 5.3 per cent, and investors will be looking for signs that price competition between the carriers is abating, big investments in infrastructure are behind them, and for insight into the strategy around their recent foray into U.S. fibre, with BCE's acquisition of Ziply.
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