Q: Thank you sharing your insight answering my most recent questions.
BCE is getting quite a working over and I have a few questions (please deduct as necessary).
BCE next reports on May 2 (I believe) and +ive perf. is likely essential
1) How accurate has BCE been on its reporting historically?
2) How far in advance of the "official" report do they provide guidance or their anticipated performance?
3) What would some early indicators of a dividend cut or worse be? (Prior to May 2).
I suppose Telus would be subject to similar forces and in the same boat.
Thank you
BCE is getting quite a working over and I have a few questions (please deduct as necessary).
BCE next reports on May 2 (I believe) and +ive perf. is likely essential
1) How accurate has BCE been on its reporting historically?
2) How far in advance of the "official" report do they provide guidance or their anticipated performance?
3) What would some early indicators of a dividend cut or worse be? (Prior to May 2).
I suppose Telus would be subject to similar forces and in the same boat.
Thank you
5i Research Answer:
BCE has beaten estimates in 11 of the past 16 quarters. May 2 is the reporting date. BCE does not provide updates unless it expects a material change (positive or negative). There are really no signs of a cut available before any company financials or news. Investors may worry and one can watch the market yield, but the market yield does not always mean anything. For example, on FSZ investors have been awaiting a cut (yield 10.1%) for more than three years. Not long ago the company raised its dividend and indicated its dividend growth rate would slow, but nothing in its commentary would have indicated a cut is imminent. Yes, Telus is similar.