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Data last updated: Aug 18, 2026
Snapshot (as of Aug 18, 2026): BCE Inc. (BCE.TO) pays a $1.75 annual dividend ($0.44 quarterly), yielding 5.36% at $32.66/share. Next ex-dividend date 2026-09-15. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.36%
Annual Dividend: $1.75 per share
Payout Ratio: 27.7%
Ex-Dividend Date: 2026-09-15
Dividend Frequency: quarterly
Sector: Communication Services
Years of Dividend History: 31
BCE Inc. is Canada's largest telecommunications company, operating mobile, internet, television, and media services under the Bell brand. The BCE Inc. dividend currently pays $1.75 per share annually, with quarterly payments of $0.4375 and a next ex-dividend date of September 15, 2026. BCE.TO carries a current yield of 5.36%, placing it firmly in high-yield territory. With a beta of 0.595, BCE.TO stock moves well below the broader market, which suits income-focused investors who prioritize lower volatility over capital appreciation.
BCE Inc. pays out 27.7% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain payments even if earnings come under pressure, supported by BCE's position delivering essential mobile, internet, and IPTV services to residential and business customers across Canada. The primary risk to BCE Inc. dividend safety is the capital-intensive nature of telecommunications infrastructure, which can strain free cash flow even when reported earnings look healthy.
BCE Inc. dividend history shows a CAGR of 5.9% per year from 2010 to 2024. Per-share payments grew from $1.785 to $3.99 over that period (2025 and 2026 figures are partial years and excluded from the growth calculation). The smallest annual increase in the window was 3.1% in 2024, and consecutive years of dividend increases currently stand at zero.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -14.4% | $3.68 (2022) | $2.31 (2025) |
| 5-Year | -7.1% | $3.33 (2020) | $2.31 (2025) |
| 10-Year | -1.2% | $2.60 (2015) | $2.31 (2025) |
BCE Inc. is built for income-focused investors who want a high-yield payout from a large-scale telecommunications and media business. The yield of 5.36% is classified as high (above 4%), though it sits well below the 5-year average yield of 10.62%, which reflects a period of price and payout changes rather than a current income shortfall. The 27.7% payout ratio means the dividend is not stretched at current earnings levels. What investors get is a meaningful quarterly income stream from a company with broad service reach across wireless, wireline, and media. The trade-off is that dividend growth has slowed, with the most recent annual increase at just 3.1%, and the consecutive-increase streak currently sits at zero.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-15 | $0.4375 |
| 2026-06-15 | $0.4375 |
| 2026-03-16 | $0.4375 |
| 2025-12-15 | $0.4375 |
| 2025-09-15 | $0.4375 |
| 2025-06-16 | $0.4375 |
| 2025-03-14 | $0.9975 |
| 2024-12-16 | $0.9975 |
| 2024-09-16 | $0.9975 |
| 2024-06-14 | $0.9975 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.3125 |
| 2025 | $2.3100 |
| 2024 | $3.9900 |
| 2023 | $3.8700 |
| 2022 | $3.6800 |
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