BCE Inc. (BCE.TO)

(Past Top Pick on June 15, 2017, Up 6%) Covered call. He bought at $59 and sold at $60. Sold a December option; in December it was trading at $61. In his last show, he was throwing income ideas out there, recognizing that interest rates would rise. BCE now at $53.50 with another dividend raise looks attractive. All the telecoms have taken a hit, but he thinks that will settle now and rebound.

The telecoms are interest-rate senstitive so they have struggled lately. Also, this industry quickly changes: cable-cutting, cutting home phones. He avoids this space. He can't see what will happen in this industry in the future. BCE is a good dividend play, though.

It is executing well in a mature industry. Wireless is still growing. They are a free cash flow machine. It is a great dividend story. He would love a better entry point.

Stock has sold off in relation to higher interest rates. Highest yield in the entire telecom sector in Canada. If you buy it and put it under the mattress for 10 years you will probably get the dividend and some minimal growth. They don’t own anything in the sector. The dividend is safe.

It is a cash cow. He does not mind their business but is not overweight telcos. He would refer Shaw (SJR.B-T) if was buying a telco.

(A Top Pick Mar 20/17, Flat after including the dividend) He equates the dip due to interest rates rather than the company. It is a good name and he has a nice steady dividend from it. The business is not going away any time soon.

They have done a great job with the fiber. Great dividend yield. The growth is coming from the wireless side. You will get a 6 to 8% rate of return. There are some parts that you can worry about looking into the future on he media side and the fix line side.

He does not hold any of the telcos at this point. There is some growth and a yield but the total is not enough for him. He is looking elsewhere in the world. The dividend looks fairly safe, however.

Prefers Rogers in the telecom space. BCE is a good dividend payer, but isn't growing its earnings at 10-15% a year. All telcos have been slipping due to interest rate worries. Safe to hold, though.

It has hit a new 52 week low. It is a hedge to financials in your portfolio with the dividend. He wouldn’t be too anxious to sell it yet.

5.7% yield. It is a utility like a pipeline. Their earnings and dividend continues to grow but they borrow a lot and their costs continue to go up. People are asking if they need to take the risks. When interest rates go up this type of stock goes up, but he continues to own it and suffer as well.

The earnings forecast and fair market value have been flat lining for quite some time. He is not worried about the payout ratio, however. The stock might go 10-15% lower and then it would be cheap.

As Canadians get richer, Canadian telcos will receive a piece of that increase in its earnings. Purchase of Alarmforce was interesting. Not concerned it will drop a lot from here (currently at 52-week low). 5.5% dividend yield. (Analysts' price target $60.71)

It is wonderful if you are just collecting dividends. The equity part he tends to buy in the mid-$50s and sell in the $60s. It has been a great trade. Continue to trade within the range.

He advocated selling calls a few months ago. It has now come down to a level where it is more compelling. If wire line pricing does not improve, the market will be concerned it about funding its dividend. They are slightly cheaper than their peers. They have a good dividend and they are decent value. Buy a put at $54.