US EditionBCE cuts dividend by more than half, sells stake in Ziply to PSP
- On May 8, 2025, BCE Inc. Announced a reduction in its dividend payment, lowering the distribution per quarter to 43.75 cents, which brings the total annual dividend down to $1.75 from the previous $3.99.
- The dividend cut followed significant changes since fall 2024, including intense price competition, regulatory uncertainty, and macroeconomic and geopolitical instability.
- BCE reported first-quarter net earnings of $630 million, up from $402 million the previous year, while operating revenue declined to $5.93 billion from $6.01 billion.
- BCE has partnered with PSP Investments, agreeing to sell a 51% share in U.S. Fiber provider Ziply Fiber. PSP is committing over US$1.5 billion to support the expansion of Ziply’s service area, aiming to increase its reach from approximately 1.3 million to as many as 8 million customers.
- The dividend reduction and stake sale aim to strengthen BCE's balance sheet, reduce debt over $30 billion, and maintain investment flexibility amid uncertain economic conditions.
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Bradford Today+2 Reposted by 2 other sources
CP BCE cuts quarterly dividend payment to shareholders
MONTREAL — BCE Inc. cuts quarterly dividend payment to shareholders as it reports first-quarter profit up from year ago. More coming. Companies in this story: (TSX:BCE) The Canadian Press
·Bradford West Gwillimbury, Canada
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