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Stock impact report

BCE or Telus: Which TSX Dividend Stock Is a Better Buy Now? [Yahoo! Finance Canada]

BCE, Inc. (BCE) 
Last bce, inc. earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: bce.ca/investors/investoroverview
Contrarian investors are wondering if BCE stock or Telus stock is now oversold and good to buy for a self-directed Tax-Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP) portfolio focused on dividends BCE BCE trades near $35 per share at the time of writing, compared to more than $70 in April 2022. The stock was as low as $29 last year, around the time the board announced a major cut to the dividend. Soaring interest rates in 2022 and 2023 drove up borrowing costs. A price war in the telecom sector, combined with the decline in new entrants to Canada, put additional pressure on the business. As such, the move to slash the distribution wasn't a surprise. Bargain hunters have since drifted into BCE on the hopes that the worst is now over for the telecom giant. BCE sold its stake in Maple Leaf Sports and Entertainment (MLSE) and used the proceeds to pay for its $5 billion acquisition of Ziply Fiber, an American provider of internet services. Analysts initially Show less Read more
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