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Canadian Telecom BCE Joins The Dividend Yield Passive Income Portfolio

On the last trading day of the week, I opened a new position within the telecom sector. I purchased 25 shares of the Canadian telecom and communication company BCE. BCE yields at 5.11 percent and as a low forward P/E of 14.37. The current P/E is also below 15 at 14.80.

Earnings growth of 3.1 percent is predicted for the next five years. I also bought the smaller rival Rogers Communications but the position is still 3.41 percent in the negative area. Behind Rogers and AT&T, it's my third stake withint the telecom sector.

The corporate provides communications solutions to residential, business, and wholesale customers primarily in Canada. The company offers local and long distance telephone services under the Bell Home Phone brand; direct-to-home satellite television (TV) services under the Bell TV name; Internet protocol TV services under the Bell Fibe TV brand; and personal video recorders and online access services. It also provides data services, including Internet access services under the Bell Internet name; Internet protocol based services; and information and communications technology solutions. In addition, the company engages in the rental, sale, and maintenance of business terminal equipment; sale of TV set-top boxes; and provision of network installation and maintenance services for third parties.

Latest Portfolio Transactions (Click to enlarge)

Latest Portfolio I (Click to enlarge)

Latest Portfolio II (Click to enlarge)

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For readers who are new to the matter and my dividend growth philosophy: I funded a virtual portfolio with 100k on October 04, 2012 with the aim to build a passive income stream that doubles each five to ten years. I plan to purchase each week one stock holding until the money is fully invested. The total number of constituents is expected at 50 – 70 companies and the dividend income should be at least at $3,000 per year.
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The position cost $1,111.50 and should bring over $50 bucks in dividends over the year. The full-year estimated dividend income is now at $2,703.40. Only $300 dollars are necessary to hit the goal of $3,000 by the end of this year. With cash of $21,707.22 it is still possible to reach this goal.

Earnings and Dividends of BCE, Inc.

The portfolio holdings are up 10.91 percent since the date of funding and buying in average. Due to the low buying process and high cash value over the past year, the complete portfolio performance is only 10.09 percent.

Latest Portfolio Performance (Click to enlarge)

Here is the income perspective of the portfolio

Sym
Name
P/E Ratio
Dividend Yield
Buy
# Shrs
Income
Value
TRI
Thomson Reuters C
34.29
3.41
28.90
50
$64.75
$1,914.00
LMT
Lockheed Martin C
14.53
3.38
92.72
20
$92.00
$2,762.20
INTC
Intel Corporation
13.01
3.74
21.27
50
$45.00
$1,204.50
MCD
McDonald's Corpor
17.55
3.17
87.33
25
$77.00
$2,425.25
WU
Western Union Com
11.52
2.88
11.95
100
$50.00
$1,721.00
PM
Philip Morris Int
17.08
3.92
89.76
30
$105.87
$2,682.30
JNJ
Johnson & Johnson
20.67
2.74
69.19
20
$50.80
$1,881.00
MO
Altria Group Inc
14.63
4.8
33.48
40
$72.00
$1,502.00
SYY
Sysco Corporation
19.84
3.38
31.65
40
$44.80
$1,325.20
DRI
Darden Restaurant
18.52
4.03
46.66
30
$63.00
$1,564.80
CA
CA Inc.
13.52
3.16
21.86
50
$50.00
$1,596.50
PG
Procter & Gamble
20.92
2.88
68.72
25
$59.20
$2,062.75
KRFT
Kraft Foods Group
17.26
3.79
44.41
40
$80.00
$2,109.20
MAT
Mattel Inc.
18.49
3.14
36.45
40
$55.60
$1,766.80
PEP
Pepsico Inc. Com
20.02
2.59
70.88
20
$44.20
$1,717.00
KMB
Kimberly-Clark Co
22.43
2.94
86.82
15
$47.55
$1,620.45
COP
ConocoPhillips Co
13.52
3.72
61.06
20
$52.80
$1,473.80
GIS
General Mills In
18.88
2.82
42.13
30
$42.60
$1,516.20
UL
Unilever PLC Comm
18.69
3.52
39.65
35
$48.83
$1,387.75
NSRGY
NESTLE SA REG SHR
19.91
3.02
68.69
30
$65.31
$2,159.10
GE
General Electric
20
2.86
23.39
65
$49.40
$1,758.25
ADP
Automatic Data Pr
25.62
2.31
61.65
25
$43.50
$1,900.25
K
Kellogg Company C
23.79
2.87
61.52
25
$44.50
$1,554.75
KO
Coca-Cola Company
20.65
2.75
38.83
40
$43.80
$1,602.00
RTN
Raytheon Company
14.52
2.55
57.04
20
$43.00
$1,707.20
RCI
Rogers Communicat
12.17
3.74
46.5
50
$84.00
$2,246.50
GPC
Genuine Parts Com
17.82
2.65
77.06
20
$42.12
$1,613.80
TSCDY
TESCO PLC SPONS A
N/A
3.93
17.08
110
$75.79
$1,952.50
APD
Air Products and
23.12
2.56
85.71
15
$41.55
$1,641.75
GSK
GlaxoSmithKline P
20.79
4.5
52.16
30
$71.13
$1,594.80
WMT
Wal-Mart Stores
15.09
2.33
79.25
20
$36.16
$1,559.20
BTI
British American
16.76
3.81
111.13
23
$96.14
$2,539.43
CHL
China Mobile Limi
10.22
4.29
55.32
40
$89.52
$2,084.00
MMM
3M Company Common
19.42
1.97
110.27
15
$37.43
$1,919.85
TUP
Tupperware Brands
18.05
2.57
80.98
15
$33.30
$1,297.65
IBM
International Bus
12.47
2.06
193.17
20
$74.00
$3,599.80
HAS
Hasbro Inc.
18.87
3.08
44.09
30
$46.80
$1,514.40
T
AT&T Inc.
25.7
5.13
34.47
30
$54.00
$1,055.10
WAG
Walgreen Co. Comm
23.12
1.46
44.25
30
$25.95
$1,791.00
AFL
AFLAC Incorporate
9.81
1.63
59.39
20
$21.00
$1,315.00
TGT
Target Corporatio
15.62
2.33
68.69
32
$48.32
$2,083.52
CSCO
Cisco Systems In
12.42
2.81
25.12
90
$58.50
$2,115.90
DE
Deere & Company C
9.36
2.44
84.11
15
$29.85
$1,222.50
RGR
Sturm Ruger & Co
15.25
2.14
51.65
20
$30.88
$1,435.60
LO
Lorillard Inc Co
16.05
4.24
42.3
30
$65.00
$1,543.80
UNP
Union Pacific Cor
16.99
1.86
154.75
8
$22.88
$1,240.32
IDA
IDACORP Inc. Com
13.47
3.12
47.94
20
$31.40
$1,010.80
BAX
Baxter Internatio
16.52
2.88
66.38
20
$37.60
$1,302.60
MSFT
Microsoft Corpora
14.04
2.45
33.88
40
$36.80
$1,511.20
ACN
Accenture plc. Cl
15.32
2.3
77.71
20
$34.80
$1,504.80
BCE
BCE Inc. Common
13.36
3.92
44.26
25
$42.98
$1,106.50














$2,703.40
$88,716.57














Average Yield
3.05%














Yield On Cost
3.38%