BCE Inc. dividend history and coverage
Fiscal 2016–2025 dividends per share, payout of earnings and cash flow, and any decreases, read from BCE Inc.'s own SEC filings. Data built 2026-11-01.
Dividend history
- Dividends per share (fiscal year)
- Year with a decrease
- Earnings per share (diluted)
Yield at today's price
The numbers, with their filings
| Fiscal year | Dividends/share | EPS (diluted) | Payout of EPS | FCF/share | Cash payout | Filing |
|---|---|---|---|---|---|---|
| FY2025 | 2.310 | 6.79 | 34% | 3.54 | 70% | 40-F |
| FY2024 | 3.990 | 0.18 | >200% | 3.39 | 124% | 40-F |
| FY2023 | 3.870 | 2.28 | 170% | 3.69 | 111% | 40-F |
| FY2022 | 3.680 | 2.98 | 124% | 3.54 | 109% | 40-F |
| FY2021 | 3.500 | 2.99 | 117% | 3.48 | 105% | 40-F |
| FY2020 | 3.330 | 2.76 | 121% | 3.93 | 89% | 40-F |
| FY2019 | 3.170 | — | — | 4.42 | 76% | 40-F |
| FY2018 | 3.020 | — | — | 3.80 | 84% | 40-F |
| FY2017 | 2.870 | 3.20 | 90% | 3.71 | 81% | 40-F |
| FY2016 | 2.730 | 3.33 | 82% | 3.30 | 87% | 40-F |
Dividends per share: dividends per share recognised in the year, as tagged in the company's filings. Free cash flow = operating cash flow − capital expenditures (as tagged); cash payout = common dividends paid ÷ free cash flow. All BCE Inc. filings on EDGAR ↗
Data note. BCE cut its common dividend 56% in May 2025 to support debt reduction.
Dividend decrease, in the company's words
BCE Inc.: -56.1%
Quarterly dividend C$0.9975 → C$0.4375.
“BCE annualized common share dividend established at $1.75 to support deleveraging efforts while providing enhanced flexibility”
BCE's annualized dividend went from C$3.99 to C$1.75, with a new payout policy of 40%–55% of free cash flow. Fiscal 2025 declared dividends totalled C$2.31 (one quarter at the old rate, three at the new).
What the filings showed beforehand: payout of earnings FY2022 124%, FY2023 170%, FY2024 >200%; cash payout FY2022 109%, FY2023 111%, FY2024 124%.
What $1,000 of BCE dividends is worth after tax
Canadian resident (2026 estimate)
| Account | You keep | Why |
|---|---|---|
| Non-registered | $936 | Eligible-dividend gross-up and credits (assumes the dividend is designated eligible, as large Canadian public companies' dividends usually are; check your T5) |
| TFSA | $1,000 | Tax-free |
| RRSP / RRIF | $1,000 | No tax now; withdrawals are taxed later as ordinary income |
US taxpayer (2026 estimate)
Example: married filing jointly, $120,000 of other taxable income, 22% ordinary bracket.
| Account | You keep |
|---|---|
| Taxable brokerage | $850 |
| Roth IRA | $1,000 |
| Traditional IRA / 401(k) | $1,000* |
* Nothing is taxed when the dividend is paid; withdrawals are taxed later as ordinary income.
Assumes qualified-dividend treatment (holding period met). Canadian dividends paid to US residents generally have 15% Canadian tax withheld under the treaty, creditable on a US return; not modelled here. Use your own numbers.
Frequently asked questions
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