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BCE Inc (2)
Symbol BCE
Shares Issued 932,525,817
Close 2025-05-23 C$ 29.53
Market Cap C$ 27,537,487,376
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Globe says BCE didn't know how to handle downturn

2025-05-26 09:12 ET - In the News

The Globe and Mail reports in its Monday edition that BCE had a once-stellar reputation as a core holding that investors could buy, hold and forget. The Globe's David Berman writes that is all a distant memory. BCE's share price has trailed the S&P/TSX Composite Index by 74 percentage points (including dividends) since April, 2022. The number of Canadian dividend funds that hold BCE shares trails other big telecom stocks by about 40 per cent, on average. Declining interest in the stock among the pros follows some good times for the stock. Over 20 years from April, 2002, to April, 2022, BCE delivered a return of 565 per cent, including dividends, tripled the size of its quarterly payout and outperformed the S&P/TSX composite (including dividends) by an overwhelming 188 percentage points. All of this came as the emerging business of providing lucrative wireless and Internet service more than made up for the fading glory of old landlines. More people with mobile phones and Internet connections meant more revenue for Canada's biggest telcos. The problem is that revenue growth has deteriorated as the market matures, competition intensifies, regulators introduce pro-consumer policies and population growth subsides.

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