Monday, July 2, 2007

BCE Sale Will Force Canadian Investors to Seek Dividend Yields Elsewhere

(Bloomberg) -- BCE Inc., whose dividends made the
stock a popular gift for Canadian grandchildren, will disappear
from portfolios after its C$34.2 billion ($32.1 billion) buyout,
forcing retail investors to look elsewhere for returns.

``My grandmother gave me that stock,'' said Greg Deitcher,
38, a Toronto resident who's owned BCE since his teens and now
holds about 200 shares. ``BCE was well-known for paying a
dividend. I don't know what I'm going to do now.''


Read more at Bloomberg Stocks News

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