BCE reports Q4 and 2013 results, announces 2014 financial outlook
Common share dividend increased 6.0% to $2.47 per year
BCE Q4 net earnings attributable to common shareholders of $495 million; Adjusted net earnings of $540 million, up 16.4%; Adjusted net earnings per share of $0.70, up 16.7%
Strong 11.4% growth in free cash flow in Q4 to $674 million
Double-digit Wireless and Media EBITDA growth of 10.4% and 33.7% respectively, drives 7.0% increase in total Bell EBITDA
Bell Wireline EBITDA growth positive this quarter on stronger residential Wireline revenue growth and improving year-over-year Bell Business Markets financial performance
Healthy Q4 Wireless postpaid net additions of 119,520; 2.1% higher Wireless blended ARPU reflects increased data usage driven by steady smartphone growth; consumer mobile roaming rates significantly reduced
Bell Fibe TV momentum continues with net additions of 60,301, up 25.0% as service footprint expands to more than 4.3 million households; high-speed Internet net activations more than double to 15,690; residential local access line losses improve 27.3% year over year
All 2013 financial guidance targets achieved
This news release contains forward-looking statements. For a description of the related risk factors and assumptions please see the section entitled "Caution Concerning Forward-Looking Statements" later in this release.
MONTREAL, Feb. 6, 2014 /CNW Telbec/ - BCE Inc. (TSX, NYSE: BCE), Canada's largest communications company, today reported BCE and Bell 2013 fourth quarter (Q4) and annual results in addition to announcing its financial guidance for 2014, and a $0.14 per share increase in its annual common share dividend to $2.47.
Q4 2013 Press release (318 KB)
Q4 2013 Supplementary information (PDF) (1.3 MB)
Q4 2013 Supplementary information (XLS) (2.1 MB)
Q4 2013 Safe Harbour Notice (348 KB)
Q4 2013 Investor Fact sheet (389 KB)
Q4 2013 Presentation (377 KB)
From the August 8 earnings report, Skim Vanaselja, the company's CFO, said BCE would be able to absorb the costs of the Astral acquisition in the second half of 2013, and added:
"We expect to begin realizing the full financial benefits of this acquisition in 2014 with strong free cash flow accretion to support our dividend growth objective."
The strong are getting stronger, with at least more dividend money in our pockets.
This nuthead48 appears to be truly a nuthead. Or maybe just a short. On Jan. 5 he said he was going to get out of BCE. On Jan. 18 he was still saying it. Either he's inexplicably slow on the trigger or is trying to rattle those still holding the stock, I.e. A short. Those still in BCE will be rewarded soon enough, when the fruits of the Astral merger really begin to kick in.
Well, that would imply a 5.6% yield, which I doubt will come about.
IMO, it's range bound based on TSX closes, which dictate a 5 to 5.2% yield.
BCE isn't going anywhere and has a good dividend but the company has gone stale with operating costs consuming too much of their margin. The result is a stock that went no where in 2013. A year where they should have had some good stock performance gains. It looks the same for 2014. As a result I am moving on to greener pastures.
Like the dividend but BCE has been in the tank all of 2013. It did not participate in the market last year and probably won't this year. So, be happy with the dividend but that is it. Verizon and others loom large over the Canadian wireless market and that is not going to change. I am bailing for greener pastures.