BCE Slashes Quarterly Dividend By 56% Despite Profit Rising
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BCE Inc. has reduced its quarterly dividend by 56% to 43.75 cents per share, despite a 55% increase in earnings per share to $0.68. The company's revenue fell 1% to $5.93 billion. CEO Mirko Bibic cited intense price competition and geopolitical instability as reasons for the cut. BCE's stock has seen a 36% decline over the past year, and 48% over five years, despite previously high dividend yields that attracted income-seeking investors.
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