{"id":43519,"date":"2022-06-02T21:12:10","date_gmt":"2022-06-03T02:12:10","guid":{"rendered":"https:\/\/prefblog.com\/?p=43519"},"modified":"2022-06-02T21:12:10","modified_gmt":"2022-06-03T02:12:10","slug":"bce-revises-dividend-calculation-for-ratchetrates","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=43519","title":{"rendered":"BCE Revises June Dividend Calculation for RatchetRates"},"content":{"rendered":"<p>As mentioned in the <a href=\"https:\/\/prefblog.com\/?p=43487\">June 1 Market Action Report<\/a>, I recently was forwarded a copy about a complaint regarding the dividend amount for BCE.PR.B:<\/p>\n<blockquote><p>Assiduous Reader TS sends me a copy of an eMail he sent to BCE:<\/p>\n<blockquote><p>Dear Sir or Madame,<\/p>\n<p>I believe that the dividend on BCE.PR.B and similar prime rate preferred shares for record date May 31, 2022 were calculated incorrectly.<\/p>\n<p>On the website it states that the dividend is $0.06215<\/p>\n<p>The prime rate for the entire month of May was 3.2% so $25 x 3.2% \/ 12 mths = $0.06667<\/p>\n<p>You still have time to change that as payment date is Jun 13, 2022.<\/p>\n<p>Please correct as soon as possible.<\/p>\n<p>Thank you.<\/p><\/blockquote>\n<\/blockquote>\n<p>Today, the <a href=\"https:\/\/bce.ca\/investors\/shares-and-dividends\/BCE_pb.TO\">dividend page for BCE.PR.B<\/a> has been revised to show a dividend payable June 13 for 0.06667 and I was forwarded a copy of BCE&#8217;s response:<\/p>\n<blockquote><p>Good morning!<\/p>\n<p>Indeed, you are correct and we had caught it just in time to have it corrected with the various instances when you wrote to us.<\/p>\n<p>Really appreciate you taking the time to let us know.<\/p>\n<p>Sincerely,<\/p><\/blockquote>\n<p>Well done, TS! It always pays to check things and pays even better to make polite inquiries when something seems strange!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As mentioned in the June 1 Market Action Report, I recently was forwarded a copy about a complaint regarding the dividend amount for BCE.PR.B: Assiduous Reader TS sends me a copy of an eMail he &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-43519","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43519"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/43519\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}