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 2021. 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 |
|---|---|---|---|---|
| November 4, 2020 | November 30, 2020 (Mon.) | December 31, 2020 (Thurs.) | 19 | $0.14109 |
| February 3, 2021 | February 26, 2021 (Fri.) | March 31, 2021 (Wed.) | 20 | $0.13555 |
| April 28, 2021* | May 31, 2021 (Mon.) | June 30, 2021 (Wed.) | 21 | Floating |
| August 4, 2021* | August 31, 2021 (Tues.) | September 30, 2021 (Thurs.) | 22 | Floating |
| November 3, 2021* | November 30, 2021 (Tues.) | December 31, 2021 (Fri.) | 23 | Floating |
* To revisit at conversion – March 2021
Terms and documents
| AM | AN | |
|---|---|---|
|
Ticker symbol Cusip Shares outstanding |
BCE.PR.M (formerly BAF.PR.A) 05534B646 9,546,615 |
BCE.PR.N 05534B638 1,953,385 |
| Annual dividend | 2.764% | Floating |
| Dividend payment dates | The last day of March, June, Sept. and Dec. | The last day of March, June, Sept. and Dec. |
| Dividend terms | Until March 31, 2021, series AM shareholders are entitled to receive quarterly cash dividend of 2.764% per annum computed in accordance with the terms and conditions attached to such shares | Until March 31, 2021, series AN shareholders are entitled to receive quarterly floating cash dividends, computed in accordance with the terms and conditions attached to such shares |
| Redemption price | $25.00 | $25.00 |
| Redemption terms | BCE may redeem the series AM on March 31, 2021, and every five years thereafter at $25.00 per share | BCE may redeem the series AN on March 31, 2021, and every five years thereafter at $25.00 per share or $25.50 in the case of redemptions on any date which is not a Series AN conversion date after March 31, 2016 |
| Convertible into | First Preferred Shares, Series AN | First Preferred Shares, Series AM |
| Conversion date | March 31, 2021 | March 31, 2021 |
| Conversion terms | Holders of series AM shares will, subject to the automatic conversion provisions, have the right to convert, on March 31, 2021 and on March 31 every five years thereafter, their shares into an equal number of series AN shares upon giving to BCE notice thereof as per the terms and conditions of the conversion | Holders of series AN shares will, subject to the automatic conversion provisions, have the right to convert, on March 31, 2021 and on March 31 every five years thereafter, their shares into an equal number of series AM shares upon giving to BCE notice thereof as per the terms and conditions of the conversion |
| Automatic conversion | Holders of series AM shares will not be entitled to convert their shares into series AN shares if BCE determines that there would remain outstanding on a series AM conversion date fewer than 1,000,000 Series AN shares. Such remaining number of series AN shares shall automatically be converted into an equal number of series AM shares | Holders of series AN shares will not be entitled to convert their shares into series AM shares if BCE determines that there would remain outstanding on a series AN conversion date fewer than 1,000,000 Series AM shares. Such remaining number of series AM shares shall automatically be converted into an equal number of series AN shares |