BCE & Rogers: Top 5G Stocks On The TSX

Summary

  • BCE Inc launched one of the largest 5g networks in Canada earlier this year, spreading across Montreal, Greater Toronto Area, Calgary, etc.
  • BCE Inc, a dividend aristocrat, currently pays a dividend of C$ 0.833 on a quarterly basis.
  • Propelled by the 5G rollout, the telecom stock surged by nearly 13 per cent in the last three months and by about four per cent in the last six months.

Canada’s telecom industry was at the crossroads regarding the rollout of 5G last year. Then came the coronavirus pandemic in 2020 and the scene of wireless connectivity shifted. What could still have been considered a luxury in the pre-COVID-19 world quickly became a necessity in the times of social distancing. After a dreary first half, the telecom industry saw a rush of 5G network rollouts in Canada, starting with major players like BCE Inc (TSX: BCE) and Rogers Communications Inc (TSX: RCI.B). This led to a spike in their trading volumes as investors shifted their funds to communication companies.

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BCE Inc (TSX: BCE)

Current Stock Price: C$ 55.43


BCE Inc launched one of the largest 5G networks in Canada earlier this year, spreading across cities like Montreal, Greater Toronto Area, Calgary, Edmonton, etc.

The trending stocks of BCE Inc recorded an average trading volume of 6.6 million in the last 10 days and that of 3.8 million in the past month.

BCE stocks climbed over five per cent in the month of November, but recorded a drop of about 1.5 per cent in December (month-to-date). The shares rebounded by over three per cent in the last nine months since collapsing amid the pandemic-triggered market crash in March.

BCE Inc, one of the top wireless and Internet service provider in Canada, posted a 2.6 per cent year-over-year (YoY) decline in its operating revenues of C$ 5,787 million in the third quarter of 2020.

Its free cash flow surged by 11.5 per cent YoY to C$ 1,034 million in Q3 2020, while Net earnings grew by over 20 per cent YoY C$ 692 million.

BCE Inc, a dividend aristocrat, currently pays a dividend of C$ 0.833 on a quarterly basis. Its yield, as per the data available on the TMX portal, stands at 6.008 per cent.

 

Rogers Communications Inc (TSX: RCI.B)

Current Stock Price: C$ 55.43


Rogers Communications Inc launched the first standalone 5G core network in Canada and reported turning on its 5G service in Manitoba’s Winnipeg and Brandon earlier in December. Rogers’ 5G network currently reaches across 130 cities and towns in the country.

Propelled by the 5G rollout, the telecom stock surged by nearly 13 per cent in the last three months and by about four per cent in the last six months. It currently has a 10-day average trading volume of 1.73 million.

Rogers Communications recorded a free cash flow of C$ 868 million in the third quarter of 2020, up 13 per cent YoY. Its liquidity position stood at C$ 5.5 billion as of 30 September 2020.

The company paid about C$ 253 million in dividends and announced a quarterly dividend of C$ 0.50 per share in the latest quarter ending 30 September 2020.

The Rogers dividend currently has an yield of 3.364 per cent, as per the data on the TMX Group.


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