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General

BCE keeps higher div unchanged after Q2 pulled down by pandemic effects

Thursday 6 August 2020 | 18:41 CET | News
Canadian operator BCE reported lower results for the second quarter amid the continuing covid-19 crisis, but said cash flow still increased, by 50 percent from the year before to CAD 1.6 billion, and that added postpaid and retail internet customers despite the slowdown. CFO Glen LeBlanc said the company was confident in its underlying, long-term fundamentals and that its healthy balance sheet and ongoing free cash flow generation will provide the flexibility needed to navigate recovery and meet cash requirements for the year. BCE said it was keeping its quarterly dividend at CAD 0.8325,

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Categories: General
Companies: BCE
Countries: Canada
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