{"id":530119,"date":"2010-04-16T11:22:00","date_gmt":"2010-04-16T15:22:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:424189"},"modified":"2010-04-16T11:22:00","modified_gmt":"2010-04-16T15:22:00","slug":"bce-expected-to-grow-dividend-to-2-by-2011","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/530119","title":{"rendered":"BCE expected to grow dividend to $2 by 2011"},"content":{"rendered":"<p>UBS upgraded its rating on BCE Inc. from Neutral to Buy and raised its priced target from $29.50 to $34. Analyst Phillip Huang told clients that the company will provide investors with relatively stable earnings and an attractive yield of 5.85% through a period of greater uncertainties in the Canadian telecom sector.<\/p>\n<p>He estimates BCE can grow its dividend by 15% to $2 per share by 2011, which should drive the stock higher.<br \/>Although UBS estimates long-term corporate bond yields will rise approximately 45 basis points to 6.20% by 2011, Mr. Huang believes BCE merits a lower yield given its strong balance sheet and dividend growth,<\/p>\n<p>\u201cWe believe BCE remains well on track to achieving its targets,\u201d he said, adding that current guidance implies a dividend increase announcement in the second half of 2010. The analyst noted that even achieving the mid-point of BCE\u2019s $2.70 earnings per share (EPS) guidance would cause the current dividend of $1.74 to fall below the company\u2019s payout guideline of 65% to 75% of sustainable EPS. <\/p>\n<p><a href=\"mailto:jratner@nationalpost.com\">Jonathan Ratner<\/a> <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=424189\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UBS upgraded its rating on BCE Inc. from Neutral to Buy and raised its priced target from $29.50 to $34. Analyst Phillip Huang told clients that the company will provide investors with relatively stable earnings and an attractive yield of 5.85% through a period of greater uncertainties in the Canadian telecom sector. He estimates BCE [&hellip;]<\/p>\n","protected":false},"author":4059,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,14],"tags":[],"class_list":["post-530119","post","type-post","status-publish","format-standard","hentry","category-news","category-telecom"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/530119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4059"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=530119"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/530119\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=530119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=530119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=530119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}