Great Yield on BCE

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As per the Globe and Mail this morning:

Canada's largest telecommunications company, BCE posted strong profit growth of just over 70 per cent as it reported second quarter earnings on Thursday that were slightly ahead of analysts' forecasts...

...On the strength of the company's performance, Bell increased its common share dividend by 5 per cent to $1.83 a year and increased its financial guidance for the second half of the year.

At yesterday's closing price of $31.60, the dividend yield on BCE is now an impressive 5.8%. Not bad for what I view as a defensive play in this volatile market. Plenty of good upside and excellent yield. What's there not to like from a dividend investor?

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