2 Top Dividend Picks for RRSP Investors | The Motley Fool Canada: BCE Inc. (TSX:BCE)(NYSE:BCE) is a media and telecommunications powerhouse with an arsenal of assets that cover every step of the value chain.
The company wasn’t always this integrated, but strategic purchases over the past few years have positioned the company well to dominate the sector for decades to come. BCE now owns retail outlets, sports teams, radio stations, a television network, specialty channels, Internet sites, and an advertising company.
All of the media content is delivered across multiple platforms along BCE’s state-of-the-art wireless and wireline networks that span the entire country.
In order to protect its kingdom, BCE continues to invest heavily in new infrastructure, and customers are now beginning to see fibre installed right to their doors as a response to demand for high-speed data delivery.
When you add it all up, the company enjoys a formidable competitive advantage that should last for decades.
BCE is very profitable and returns substantial amounts of free cash flow to its shareholders. The stock pays a quarterly dividend of $0.65 per share that yields 4.6%."
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