TELUS Corporation (NYSE:TU) Raises Dividend to C$0.42 Per Share

TELUS Corporation (NYSE:TU) (TSE:T) declared a quarterly dividend on Friday, November 7th. Stockholders of record on Thursday, December 11th will be given a dividend of 0.4184 per share by the Wireless communications provider on Friday, January 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Thursday, December 11th. This is a 38.6% increase from TELUS’s previous quarterly dividend of $0.30.

TELUS has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 5 years. TELUS has a payout ratio of 151.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect TELUS to earn $0.78 per share next year, which means the company may not be able to cover its $1.21 annual dividend with an expected future payout ratio of 155.1%.

TELUS Trading Up 1.2%

TU stock opened at $14.79 on Friday. The company has a market capitalization of $22.69 billion, a PE ratio of 32.14, a P/E/G ratio of 4.35 and a beta of 0.71. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.86 and a quick ratio of 0.81. TELUS has a 12 month low of $13.24 and a 12 month high of $16.74. The firm’s 50-day moving average is $15.50 and its 200 day moving average is $15.86.

TELUS Company Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.