Trailing Dividend / Share
$3.96
BCE Inc. (BCE) Dividend History
Income profile from 1984 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
11.0%
Payout Ratio
10.5%
Sustainable
Dividend Streak
2 years
3-Second Income Check
Safety
10.5% payout ratio with sustainable safety profile.
Consistency
2 straight years of dividend increases.
Income Trend
Yield on cost is 3.8% and trend is falling.
Dividend Scorecard
Yield & Income
Dividend Yield11.0%
Trailing DPS$3.96
FrequencyAnnual
Payments / 12M5
Payout Safety
Earnings Payout10.5%
Earnings SafetySustainable
FCF Payout105.5%
FCF SafetyStretched
Piotroski F-Score4/9
Growth
Growth Streak2 years
3Y CAGR-16.3%
5Y CAGR-7.9%
Yield on Cost (5Y)3.8%
YOC Trendfalling
Total Returns
Buyback Yield0.7%
Total Shareholder Yield11.7%
1Y Total Return20.9%
5Y Total Return-9.5%
Div Contribution (5Y)29.9%
Estimated $10K growth (return + dividends):
5Y ago$9,04710Y ago$11,87520Y ago$25,785
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
Income Growth Story
Dividend per share and yield on cost over time (43 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
BCE Inc. distributes 10.5% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 105.5%, rated "Stretched".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
BCE has raised its dividend for 2 consecutive years, with a 3-year CAGR of -16.3% and 5-year CAGR of -7.9%.
Total Shareholder Returns
Beyond cash dividends, BCE returns capital through share repurchases. The combined picture: 11.0% dividend yield, 0.7% buyback yield, 11.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 3.8% and is currently falling. The 5-year total return is -9.5%, with dividends contributing 29.9% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $11,875 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
Recent Dividend Payments
Last 20 payments · Annual
TTM Total$12.63
Avg/Payment$0.6315
Latest Change+0.7%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 16, 2026Latest | $0.3198 | ↑ +0.7% | 4.85% | Apr 15, 2026 |
| Dec 15, 2025 | $0.3176 | ↑ +0.1% | 6.99% | Jan 15, 2026 |
| Sep 15, 2025 | $0.3173 | ↓ -1.5% | 8.56% | Oct 15, 2025 |
| Jun 16, 2025 | $0.3222 | ↓ -53.6% | 10.92% | Jul 15, 2025 |
| Mar 14, 2025 | $0.6937 | ↓ -0.2% | 12.14% | Apr 15, 2025 |
| Dec 16, 2024 | $0.6950 | ↓ -5.2% | 12.14% | Jan 15, 2025 |
| Sep 16, 2024 | $0.7335 | ↑ +1.0% | 8.48% | Oct 15, 2024 |
| Jun 14, 2024 | $0.7260 | ↓ -2.0% | 8.81% | Jul 15, 2024 |
Dividend Peer Comparison
Peer group: Integrated Telecom and Media Groups
#1 yield in peer group
Div Yield
11.0%
#1 of 9
Safety
Sustainable
10.5% payout
Streak
2Y
-7.9% 5Y CAGR
Total Shareholder
11.7%
#1 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
1st BCEBCE Inc. | $24.5B | 11.0% | 10.5% | 2 | Sustainable |
VZVerizon Communicatio… | $211.4B | 5.4% | 66.9% | 10 | Watch |
TAT&T Inc. | $196.0B | 4.1% | 37.4% | 2 | Sustainable |
TBBAT&T Inc. 5.35% GLB … | $139.3B | 5.0% | 37.4% | 2 | Sustainable |
AMXAmérica Móvil, S.A.B… | $78.4B | 2.3% | 40.0% | 5 | Sustainable |
VODVodafone Group Publi… | $35.8B | 5.2% | — | 0 | Unknown |
VIVTelefônica Brasil S.… | $27.0B | 1.8% | 45.6% | 0 | Sustainable |
2nd TEFTelefónica, S.A. | $24.4B | 8.5% | — | 0 | Unknown |
3rd TUTELUS Corporation | $21.4B | 5.6% | 1.5% | 5 | Sustainable |
Annual Dividend History
43 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.32 | — | 1 | — | — | — | 0.7% |
| 2025 | $1.65 | -43.0% | 4 | — | — | — | 3.8% |
| 2024 | $2.90 | 1.2% | 4 | $0.18 | 1608.6% | 0.06x | 6.7% |
| 2023 | $2.86 | 1.8% | 4 | $2.28 | 125.5% | 0.80x | 6.7% |
| 2022 | $2.81 | 0.7% | 4 | $2.98 | 94.3% | 1.06x | 6.5% |
| 2021 | $2.79 | 12.0% | 4 | $2.99 | 93.3% | 1.07x | 6.5% |
| 2020 | $2.49 | -3.6% | 4 | $2.53 | 98.5% | 1.02x | 5.8% |
| 2019 | $2.59 | 3.5% | 4 | $3.37 | 76.7% | 1.30x | 6.0% |
| 2018 | $2.50 | 12.5% | 4 | $3.26 | 76.7% | 1.30x | 5.8% |
| 2017 | $2.22 | 6.3% | 4 | $3.20 | 69.4% | 1.44x | 5.2% |
See BCE's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonFrequently Asked Questions
How much dividend does BCE pay per share?
BCE Inc. (BCE) pays a trailing 12-month dividend of $3.96 per share, with a current dividend yield of +11.0%. Payments are made Annual.
When is BCE's next ex-dividend date?
BCE's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. BCE typically pays dividends Annual.
Is BCE's dividend safe?
BCE's dividend safety is rated "Sustainable" based on an earnings payout ratio of +10.5% and FCF payout ratio of +105.5%. The 2-year growth streak provides moderate confidence.
How many years has BCE increased its dividend?
BCE has 2 consecutive years of dividend growth. The 5-year dividend CAGR is -7.9%.
How often does BCE pay dividends?
BCE Inc. pays dividends Annual. The trailing 12-month total is $3.96 per share. Dividend data on this page covers 42+ years from 1984 to 2026.
How much would $10,000 invested in BCE grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in BCE five years ago would be worth approximately $9,047 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is BCE's yield on cost for long-term holders?
BCE's yield on cost — the current dividend divided by the original purchase price — is +3.8% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +11.0% market yield, thanks to the lower original cost basis.