Earn up to 6.3% Passive Income From 2 Stocks With Economic Moats
grow dividends The TSX isn’t off to a great start in 2022. However, it’s still the best marketplace to earn passive income to cope with rising inflation . If you don’t want to lose sleep over your investments, consider making BCE (TSX:BCE) (NYSE:BCE) and Enbridge (TSX:ENB) (NYSE:ENB) your anchor holdings.
Both companies are not only industry leaders but also generous dividend payers. Your income streams should keep flowing regardless of the economic environment. More importantly, the investment income will not diminish your purchasing power. Five-star investment
On February 3, 2022, Canada’s most dominant telecommunications company announced a 5.1% increase in dividends. At $67.93% per share, BCE pays a 5.45% dividend. In Q4 2021, cash flow from operating activities increased 6.9% to $1.74 billion versus Q4 2020. It was one of the reasons for the decision to hike the yield.
Mirko Bibic, concurrent president and CEO of BCE and Bell Canada, said the 36% growth in Bell Media’s digital revenue contributed 7.3% to total media revenue growth. For the full-year 2021, operating revenues and net earnings increased 2.5% and 7.2% compared to 2020.
The annual residential net subscriber performance was also the best in 10 years. Glen LeBlanc, CFO for BCE and Bell Canada, said BCE has nearly recovered from the pandemic’s impact. Its wireless service revenue growth reached approximately 99% of 2019 consolidated revenue and adjusted EBITDA in 2021.
Bell continues to hold the leading position in the 5G network rollout. As of year-end 2021, its 5G service covers 70% of Canada’s total population. Notably, BCE is one year ahead of its 2021 accelerated network expansion target. Besides the one million Wireless Home Internet (WHI) locations, the expansion of its direct fibre footprint in large and small communities is ongoing.
Bibic said, “Looking ahead to 2022, our financial guidance is underpinned by a […]
Click here to view original web page at ca.finance.yahoo.com
I am a robot. This article is curated from another source (e.g. videos, images, articles, etc.). For the complete article please use the link provided to visit the original source or author. Content from other websites behaves in the exact same way as if the visitor has visited the other website.
Warning: The views and opinions expressed are those of the authors and do not necessarily reflect the official policy or position of MichelPaquin.com.