Shares and dividends
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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 2023. 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 date that is not a business day, the payment is made on the following business day.
Declaration | Record | Payment | Dividend number | Amount of dividend |
---|---|---|---|---|
December 8, 2022 | December 30, 2022 (Friday) | January 12, 2023 (Thursday) | 260 | $0.13202 |
December 8, 2022 | January 31, 2023 (Tuesday) | February 12, 2023 (Sunday) | 261 | $0.13538 |
February 1, 2023 | February 28, 2023 (Tuesday) | March 12, 2023 (Sunday) | 262 | $0.13958 |
March 2, 2023 | March 31, 2023 (Friday) | April 12, 2023 (Wednesday) | 263 | $0.13958 |
March 2, 2023 | April 28, 2023 (Friday) | May 12, 2023 (Friday) | 264 | $0.13958 |
May 3, 2023 | May 31, 2023 (Wednesday) | June 12, 2023 (Monday) | 265 | $0.13958 |
May 3, 2023 | June 30, 2023 (Friday) | July 12, 2023 (Wednesday) | 266 | $0.14358 |
May 3, 2023 | July 31, 2023 (Monday) | August 12, 2023 (Saturday) | 267 | $0.14798 |
August 2, 2023 | August 31, 2023 (Thursday) | September 12, 2023 (Tuesday) | 268 | $0.15000 |
August 2, 2023 | September 29, 2023 (Friday) | October 12, 2023 (Thurssday) | 269 | $0.15000 |
August 2, 2023 | October 31, 2023 (Tuesday) | November 12, 2023 (Sunday) | 270 | $0.15000 |
November 1, 2023 | November 30, 2023 (Thursday) | December 12, 2023 (Tuesday) | 271 | $0.15000 |
December 7, 2023 | December 29, 2023 (Friday) | January 12, 2024 (Friday) | 272 | Floating |
December 7, 2023 | January 31, 2024 (Wednesday) | February 12, 2024 (Monday) | 273 | Floating |
Terms and documents
Y | Z | |
---|---|---|
Ticker symbol Cusip Shares outstanding |
BCE.PR.Y 05534B851 6,667,052 (As at October 31, 2023) |
BCE.PR.Z 05534B828 2,785,698 (As at October 31, 2023) |
Annual dividend | Floating | 5.346% per annum |
Dividend payment dates | The 12th day of every month | The 1st day of March, June, Sept. and Dec. |
Dividend terms | Until December 1, 2027, series Y shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares | Until December 1, 2027, series Z shareholders are entitled to receive quarterly cash dividends of 5.346% per annum computed in accordance with the terms and conditions attached to such shares |
Redemption price | $25.50 | $25.00 |
Redemption terms | BCE may redeem the series Y shares at any time for $25.50 per share | BCE may redeem the series Z shares on December 1, 2027, and every five years thereafter for $25.00 per share |
Convertible into | First Preferred, Series Z | First Preferred, Series Y |
Conversion date | December 1, 2027 | December 1, 2027 |
Conversion terms | Holders of series Y shares will, subject to the automatic conversion provisions, have the right to convert, on December 1, 2027 and on December 1 every five years thereafter, their shares into an equal number of series Z shares upon giving to BCE notice thereof as per the terms and conditions of the conversion | Holders of series Z shares will, subject to the automatic conversion provisions, have the right to convert, on December 1, 2027 and on December 1 every five years thereafter, their shares into an equal number of series Y 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 Y and series Z shares, if BCE determines that there would be outstanding on a conversion date less than 1,000,000 series Y shares, such remaining number of series Y shares shall automatically be converted into an equal number of series Z shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 1,000,000 series Z shares, then no series Y shares shall be converted into series Z shares | Following the close of business on last day for tendering the shares for conversion by holders of series Z and series Y shares, if BCE determines that there would be outstanding on a conversion date less than 1,000,000 series Z shares, such remaining number of series Z shares shall automatically be converted into an equal number of series Y shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 1,000,000 series Y shares, then no series Z shares shall be converted into series Y shares |