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General

BCE announces 7.7% rise in dividend, pensions boost

Friday 10 December 2010 | 14:05 CET | News
Canadian operator BCE has announced a 7.7 percent increase in its annual common share dividend to CAD 1.97 per share for 2011. BCE also plans to accelerate funding of future pension obligations through a voluntary prepayment in December this year of CAD 750 million to Bell Canada's defined benefit pension plan from cash on hand. The dividend increase maintains BCE's payout ratio within its policy range of 65-75 percent of adjusted EPS. As a result of the CAD 750 million special pension contribution, BCE expects free cash flow to improve in 2011 through a combination of cash tax savings and

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Categories: General
Companies: BCE / Bell Canada
Countries: Canada
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