Shares and dividends
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Dividends
Note Dividends paid by BCE to Canadian residents are eligible dividends for Canadian income tax purposes.
Schedule of dividend payments Below is a schedule of payment dates for 2024. It is important to note that this is subject to dividends being declared by the Board of Directors. When a dividend payment date falls on a date that is not a business day, the payment is made on the following business day.
Declaration | Record | Payment | Dividend number | Amount of dividend |
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November 1, 2023 | December 29, 2023 (Friday) | February 1, 2024 (Thursday) | 69 | $0.211875 |
February 7, 2024 | March 28, 2024 (Thursday) | May 1, 2024 (Wednesday) | 70 | $0.211875 |
May 1, 2024 | June 28, 2024 (Friday) | August 1, 2024 (Thursday) | 71 | $0.211875 |
July 31, 2024 | September 27, 2024 (Friday) | November 1, 2024 (Friday) | 72 | $0.211875 |
November 6, 2024 | December 31, 2024 (Tuesday) | February 1, 2025 (Saturday) | 73 | $0.211875 |
Terms and documents
AI | AJ | |
---|---|---|
Ticker symbol Cusip Shares outstanding |
BCE.PR.I 05534B711 9,058,240 (As at June 30, 2024) |
BCE.PR.J 05534B653 3,895,960 (As at June 30, 2024) |
Former symbol | BC.PR.C (formerly Bell Canada - Series 19) | N/A |
Annual dividend | 3.39% per annum | Floating |
Dividend payment dates | The 1st day of February, May, August and Nov. | The 12th day of every month |
Dividend terms | Until August 1, 2026, series AI shareholders are entitled to receive quarterly cash dividends of 3.39% per annum computed in accordance with the terms and conditions attached to such shares | Until August 1, 2026, series AJ shareholders are entitled to receive monthly floating adjustable cash dividends, computed in accordance with the terms and conditions attached to such shares |
Redemption price | $25.00 | $25.50 |
Redemption terms | BCE may redeem the series AI shares on August 1, 2026 or on August 1 every five years thereafter for $25.00 per share | BCE Inc. may redeem the series AJ shares at any time for $25.50 per share |
Convertible into | First Preferred Shares, Series AJ | First Preferred Shares, Series AI |
Conversion date | August 1, 2026 | August 1, 2026 |
Conversion terms | Holders of series AI shares will, subject to the automatic conversion provisions, have the right to convert, on August 1, 2026 and on August 1 every five years thereafter, their shares into an equal number of series AJ shares upon giving to BCE notice thereof as per the terms and conditions of the conversion | Holders of series AJ shares will, subject to the automatic conversion provisions, have the right to convert, on August 1, 2026 and on August 1 every five years thereafter, their shares into an equal number of series AI shares upon giving to BCE notice thereof as per the terms and conditions of the conversion |
Automatic conversion | Following the close of business on last day for tendering the shares for conversion by holders of series AI and series AJ shares, if BCE determines that there would be outstanding on a conversion date less than 2,000,000 series AI shares, such remaining number of series AI shares shall automatically be converted into an equal number of series AJ shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 2,000,000 series AJ shares, then no series AI shares shall be converted into series AJ shares | Following the close of business on last day for tendering the shares for conversion by holders of series AJ and series AI shares, if BCE determines that there would be outstanding on a conversion date less than 2,000,000 series AJ shares, such remaining number of series AJ shares shall automatically be converted into an equal number of series AI shares. Additionally, if BCE determines at such time that there would be outstanding on such conversion date less than 2,000,000 series AI shares, then no series AJ shares shall be converted into series AI shares |