MONTRÉAL - BCE Inc. (TSX: BCE) (NYSE: BCE), Canada’s largest communications company, with a market capitalization of $20.5 billion, reported today that its shareholders have voted in favor of all proposed items at the Annual Meeting of Shareholders, including the election of the company’s board of directors. According to InvestingPro data, BCE maintains a significant dividend yield of ~13%, reflecting its commitment to shareholder returns. The voting results showed strong support for each nominee, with the majority receiving over 95% approval from shareholders present or represented by proxy.
The elected directors include Mirko Bibic, Robert P. Dexter, Katherine Lee, Monique F. Leroux, Sheila A. Murray, Gordon M. Nixon, Louis P. Pagnutti, Calin Rovinescu, Karen Sheriff, Jennifer Tory, Louis Vachon, Johan Wibergh, and Cornell Wright. Detailed biographies for each director are available on the company’s website.
BCE’s commitment to corporate governance and transparency is reflected in the information provided on all matters subject to a vote during the Annual Meeting, which is accessible on sedarplus.ca.
BCE boasts a significant presence in the Canadian market, offering a comprehensive range of services including advanced Bell broadband Internet, wireless, TV, media, and business communications, generating annual revenues of nearly $17 billion. InvestingPro analysis indicates the company is currently undervalued, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of BCE among 1,400+ top stocks. The company’s influence extends beyond its commercial offerings, as it actively invests in community initiatives through its Bell for Better program. This includes the Bell Let’s Talk initiative, a national campaign focused on mental health awareness and de-stigmatization, which also provides substantial funding for mental health care, research, and workplace programs across Canada.
The election of directors is a key component of BCE’s corporate governance, ensuring that the company’s strategic direction and operations are guided by experienced leaders. This year’s voting results indicate a strong endorsement from the shareholders, positioning the company to continue its growth and community engagement initiatives. InvestingPro data reveals BCE has maintained dividend payments for 55 consecutive years and has raised its dividend for 16 consecutive years, demonstrating strong corporate governance and commitment to shareholder value.
The information for this article is based on a press release statement from BCE Inc.
In other recent news, BCE Inc. reported its first-quarter 2025 earnings, meeting expectations with an earnings per share (EPS) of $0.63 and revenues of $5.93 billion, both aligning with analyst forecasts. Despite these stable results, the company experienced a 1.3% year-over-year decline in total revenue, although net earnings surged by nearly 50% due to gains from early debt redemption. BCE also saw a significant increase in free cash flow by $713 million year-over-year. The company reaffirmed its 2025 financial guidance, maintaining its focus on strategic initiatives like fiber deployment and cost reductions. BCE announced a major partnership with PSP Investments to fund the expansion of its U.S. business, which could see a commitment exceeding $1.5 billion. This partnership will help support BCE’s U.S. fiber growth strategy while allowing the company to proceed with its deleveraging plans. Additionally, BCE announced a change in its dividend payout, reducing the annualized dividend per common share to $1.75, effective with the July payment, to expedite its deleveraging goals. The company continues to focus on strengthening its balance sheet and investing in growth opportunities.
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