BCE boosts division notwithstanding gain dip

BCE Inc. reported Thursday that a fourth-quarter distinction fell compared with a year ago as a series of responsibility equipment increasing though a Montreal-based association says a division to common shareholders will be going up.

The telecom and media company’s quarterly remuneration to shareholders will arise 3.75 cents to 75.5 cents per share for a sum of $3.02 per year starting with a remuneration in April.

The boost came as BCE reported a fourth-quarter net income fell to $575 million or 64 cents per share, as it was strike by separation and acquisitions costs as good as a aloft net detriment on investments and item spoil charges. The a year earlier, a fourth entertain distinction was $657 million or 75 cents.

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Operating income rose 4.5 per cent to $5.96 billion compared with $5.7 billion in a fourth entertain of 2016.

On an practiced basis, BCE says it warranted $684 million or 76 cents per share, adult from $667 million or 76 cents per share a year ago.

Analysts on normal had approaching a distinction of 75 cents per share of practiced earnings, according to Thomson Reuters.

BCE shares rose 80 cents, or 1.4 per cent, to $57.51 in morning trade on a TSX.

Telus revenue, profit rise

Also Thursday, Telus  Corp. reported a fourth-quarter distinction of $282 million as a income softened scarcely 5 per cent compared with a year ago.

The telecommunications association says a distinction amounted to 47 cents per share for a entertain finished Dec. 31. That was adult from a distinction of $81 million or 14 cents per share a year ago when it was strike by restructuring and other costs.

On an practiced basis, Telus says it warranted $328 million or 55 cents per share in a quarter, adult from an practiced distinction of $316 million or 53 cents per share.

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Analysts on normal had approaching a distinction of 57 cents per share for a quarter, according to Thomson Reuters.

Revenue totalled scarcely $3.47 billion, adult from scarcely $3.31 billion in a same duration a year earlier.

In a quarter, Telus combined 121,000 wireless postpaid customers, 21,000 high-speed Internet subscribers and 14,000 Telus TV customers.

Telus shares rose 7 cents, or 0.15 per cent, to $45.36 on a TSX.

Article source: http://www.cbc.ca/news/business/bce-dividend-earning-telus-1.4526297?cmp=rss