Shares and dividends
Last trade
End of day data
Dividends
Note Dividends paid by BCE to Canadian residents are eligible dividends for Canadian income tax purposes.
Schedule of dividend payments Below is a schedule of payment dates for 2020. It is important to note that this is subject to dividends being declared by the Board of Directors. When a dividend payment date falls on a day during the weekend or on a holiday, the payment is made on the following business day.
| Declaration | Record | Payment | Dividend no. | Amount of dividend |
|---|---|---|---|---|
| December 5, 2019 | January 31, 2020 (Fri.) | March 2, 2020 (Mon.) | 68 | $0.27375 |
| March 5, 2020 | May 1, 2020 (Fri.) | June 1, 2020 (Mon.) | 69 | $0.27375 |
| May 6, 2020 | July 31, 2020 (Fri.) | September 1, 2020 (Tues.) | 70 | $0.27375 |
| August 5, 2020 | November 2, 2020 (Mon.) | December 1, 2020 (Tues.) | 71 | $0.27375 |
| December 9, 2020 | February 1, 2021 (Mon.) | March 1, 2021 (Mon.) | 72 | $0.27375 |
Terms and documents
| AC | AD | |
|---|---|---|
|
Ticker symbol Cusip Shares outstanding |
BCE.PR.C 05534B786 10,029,691 |
BCE.PR.D 05534B687 9,970,309 |
| Annual dividend | 4.38% per annum | Floating |
| Dividend payment dates | The 1st day of March, June, Sept. and Dec. | The 12th day of every month |
| Dividend terms | Until March 1, 2023, series AC shareholders are entitled to receive quarterly cash dividends of 4.38% per annum computed in accordance with the terms and conditions attached to such shares | Until March 1, 2023, series AD shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares |
| Redemption price | $25.00 | $25.50 |
| Redemption terms | BCE may redeem the series AC shares on March 1, 2023, and on March 1 every five years thereafter for $25.00 per share | BCE may redeem the series AD shares at any time for $25.50 per share |
| Convertible into | First Preferred, Series AD | First Preferred, Series AC |
| Conversion date | March 1, 2023 | March 1, 2023 |
| Conversion terms | Holders of series AC shares will, subject to the automatic conversion provisions, have the right to convert, on March 1, 2023 and on March 1 every five years thereafter, their shares into an equal number of series AD shares upon giving to BCE notice thereof as per the terms and conditions of the conversion | Holders of series AD shares will, subject to the automatic conversion provisions, have the right to convert, on March1, 2023 and on March 1 every five years thereafter, their shares into an equal number of series AC shares upon giving to BCE notice thereof as per the terms and conditions of the conversion |
| Automatic conversion | Following the close of business on last day for tendering the shares for conversion by holders of series AC and series AD shares, if BCE determines that there would be outstanding on a conversion date less than 2,500,000 series AC shares, such remaining number of series AC shares shall automatically be converted into an equal number of series AD shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 2,500,000 series AD shares, then no series AC shares shall be converted into series AD shares | Following the close of business on last day for tendering the shares for conversion by holders of series AD and series AC shares, if BCE determines that there would be outstanding on a conversion date less than 2,500,000 series AD shares, such remaining number of series AD shares shall automatically be converted into an equal number of series AC shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 2,500,000 series AC shares, then no series AD shares shall be converted into series AC shares |