Why investors should applaud a move to cut to BCE’s quarterly dividend

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Why investors should applaud a move to cut to BCE’s quarterly dividend
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Even with a reduced dividend, what’s not to like about a company with a sustainable payout and enhanced financial flexibility to beef up its competitive profile?

Bell Canada signage is pictured in Ottawa on Wednesday Sept. 7, 2022. The Federal Court of Appeal has rejected BCE Inc.'s request for a stay of a regulatory decision that will allow independent companies to sell internet services to their customers using its fibre network in Ontario and Quebec .

when interest rates are falling and dividends look more attractive next to bond yields. BCE shares have fallen 19 per cent since then. So why stick with the stock if the dividend appears unreliable? Here are my two reasons for staying put.The collective wisdom of investors – reflected in a share price that has fallen to 13-year lows and a dividend yield that has risen above 10 per cent – is suggesting that the dividend, as we know it, is already toast.

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