Canada's BCE posts lower profit, ups dividend

Thu Feb 4, 2016 8:21am EST
 
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TORONTO Feb 4 (Reuters) - Canadian telecom and media company BCE Inc posted a 8.5 percent fall in fourth-quarter profit on Thursday, raised its dividend by 5 percent, and pointed to moderate revenue and earnings growth in 2016.

The Montreal-based company said it had net income attributable to shareholders of C$496 million ($362.07 million), or 58 Canadian cents a share, compared to C$542 million, or 64 cents, a year earlier. Revenue rose 1.4 percent to C$5.60 billion, while adjusted earning were 72 Canadian cents a share.

($1 = 1.3699 Canadian dollars) (Reporting by Alastair Sharp)