A 5G Stock With 5.9% Dividend Yield: Buy Alert!

May 10, 2021 08:31 PM AEST | By Raza Naqvi

A 5G Stock With 5.9% Dividend Yield: Buy Alert! — Image source: Lemau Studio, Shutterstock

Let's Explore Recent Financial Performance Of Bell Canada (TSX:BCE)

In the first quarter of this year, the communication services company clocked a revenue of C$ 5.7 billion, which represented an increase of 1.2 per cent year-over-year (YoY). The cash flows from operating activities increased by 37.3 per cent to C$ 1,992 million in the same period.

The company posted an increased adjusted EBITDA to C$ 2,429 million in Q1 2021, up by 0.5 per cent in comparison from Q1 2020. The free cash flow increased by 53.8 per cent to C$ 940 million in the same period.

The company's net earnings were C$ 687 million in the first quarter of 2021.

Here's How BCE Stock Performed

The stock grew by about two per cent in a week and based on a five-day average, over 2 million BCE shares were traded on the TSX. At market close on Friday, May 7, the scrips were priced at C$ 59.11 apiece, a little less than its 52-week high of C$ 60.14 on June 8, 2020.

The S&P TSX Integrated Telecommunication Services (Sub Industry) Index plunged by about four per cent in a year and it was outperformed by BCE stock as it grew by 4.6 per cent. Its year-to-date (YTD) growth stands at 8.6 per cent.

With a current dividend yield of 5.9 per cent, Bell Canada distributes a quarterly dividend of C$ 0.875. The company holds a debt-to-equity (D/E) ratio of 1.6 and its return on equity is 13.3 per cent, as per TMX.

The above constitutes a preliminary view and any interest in stocks should be evaluated further from an investment point of view.

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