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The latest update is out from BCE ( (TSE:BCE) ).
BCE Inc. announced the conversion results of its Series AE and AF Preferred Shares, with a significant number of shares tendered for conversion on a one-for-one basis. Post-conversion, the company will have 11,250,771 Series AF Preferred Shares and 3,339,629 Series AE Preferred Shares outstanding. These shares will continue trading on the Toronto Stock Exchange, with the Series AF offering a fixed dividend rate of 5.496% and the Series AE providing a floating adjustable dividend. This conversion impacts BCE’s financial structure and market positioning, maintaining its strong presence in the preferred shares market.
More about BCE
BCE is Canada’s largest communications company, providing advanced Bell broadband Internet, wireless, TV, media, and business communications services. Through initiatives like Bell for Better and Bell Let’s Talk, BCE invests in the social and economic prosperity of communities, promoting Canadian mental health and supporting community care, research, and workplace initiatives.
YTD Price Performance: -0.47%
Average Trading Volume: 3,983,911
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.24B
See more data about BCE stock on TipRanks’ Stock Analysis page.
