BCE
BCE reports results of Series AI and AJ preferred share conversions
Article Summary
HOLD- BCE Inc. (TSX: BCE (NYSE: BCE) announced that all of its floating-rate Cumulative Redeemable First Preferred Shares, Series AJ, will be converted on August 4, 2026, on a one-for-one basis into fixed-rate Series AI Preferred Shares.
- Holders of Series AJ Preferred Shares could elect to convert shares into Series AI shares subject to terms and conditions attached to those shares, with 1,875 shares tendered for conversion into Series AJ and 1,976 shares for Series AI, with less than 2,000,000 Series AJ shares remaining to be converted.
- The Series AI preferred shares will continue to be listed on the Toronto Stock Exchange under the symbol BCEPR.PR under the 5.10% fixed-dividend policy, with quarterly dividends to be paid on a quarterly basis for five years.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 2.2% | 25% | 20.0 ptsMinimal (2.2%) - Very weak |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 21.3% | 20% | 70.0 ptsGood Upside (21.3%) - Target: $26.06 vs Current: $21.48 |
| Gross Margin % ? | 30.8% | 15% | 40.0 ptsModerate (30.8%) - Adequate margins |
| Drawdown from 52-Wk High ? | -19.0% | 15% | 40.0 ptsMild Pullback (-19.0%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About BCE
- BCE Inc., a communications company, provides wireless, wireline, internet, streaming services, and television (TV) services to residential, business, and wholesale customers in Canada.
- The company operates through three segments: Bell Communication and Technology Services Canada, Bell Communication and Technology Services United States, and Bell Media.
- The Bell Communication and Technology Services Canada segment provides wireless products and services, including mobile data and voice plans, streaming services, and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and AI-driven and business solutions, as well as voice, and other communication services and products, satellite TV and connectivity services for residential, small and medium-sized business, and large enterprise customers.
- This segment also buys and sells local telephone, long distance, and data and other services to resellers and other carriers.
- The Bell Communication and Technology Services United States segment provides wireline communication products and services comprising data, including broadband Internet, commercial ethernet, dedicated Internet-non-switched access, and other data transport networking options; and voice, including traditional and voice over Internet protocol voice services, such as local, long distance, and unified communications as a service and video products to residential, business, and wholesale customers.
- The Bell Media segment provides a portfolio of video, audio, out-of-home advertising, and digital media services.
- BCE Inc. was founded in 1880 and is headquartered in Verdun, Canada.