5 Canadian Dividend Stocks with Over 3% Yield

2. BCE Inc. (TSX:BCE.TO)

Forward Dividend Yield: 5.53%  

BCE Inc. (TSX:BCE.TO) operates as a telecommunications and media firm. Some of the services it provides include wireless, wireline, Internet, and television, among others. The company recently approached Canadian regulators with regards to the merger of Rogers and Shaw, two of the biggest communications firms in Canada, on grounds that the deal would set up an “unprecedented level of market power”. 

BCE Inc. (TSX:BCE.TO) has argued that the merger would also create a monopoly in the broadcast business, as the combined company would control 47% of the English broadcasting distribution network in Canada. 

Even as it opposes the merger, BCE Inc. (TSX:BCE.TO) has been busy investing in ventures that would help it grow in the competitive telecom market. It recently announced that it was partnering with Amazon to help businesses manage hybrid cloud transitions.