TELUS Corporation (TU) to Distribute Quarterly Dividend of C$0.19 on October 1st

TELUS Corporation (NYSE:TU – Get Free Report) (TSE:T) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.1875 per share by the Wireless communications provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Thursday, September 10th.

TELUS has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. TELUS has a dividend payout ratio of 67.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect TELUS to earn $0.51 per share next year, which means the company may not be able to cover its $0.54 annual dividend with an expected future payout ratio of 105.9%.

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TELUS Stock Performance

Shares of TELUS stock opened at $9.68 on Tuesday. The company’s 50 day moving average price is $10.04 and its two-hundred day moving average price is $11.70. The firm has a market capitalization of $15.24 billion, a P/E ratio of -23.61, a P/E/G ratio of 22.65 and a beta of 0.63. TELUS has a fifty-two week low of $9.20 and a fifty-two week high of $16.65. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.67 and a quick ratio of 0.62.

TELUS (NYSE:TU – Get Free Report) (TSE:T) last issued its quarterly earnings data on Friday, July 31st. The Wireless communications provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). TELUS had a negative net margin of 4.51% and a positive return on equity of 8.01%. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.55 billion. On average, equities analysts forecast that TELUS will post 0.24 earnings per share for the current fiscal year.

TELUS Company Profile

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TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.

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