TELUS Corporation (NYSE:TU) (TSE:T) announced a quarterly dividend on Thursday, November 9th, RTT News reports. Stockholders of record on Monday, December 11th will be given a dividend of 0.505 per share by the Wireless communications provider on Tuesday, January 2nd. This represents a $2.02 annualized dividend and a dividend yield of 5.37%. The ex-dividend date is Friday, December 8th. This is a positive change from TELUS’s previous quarterly dividend of $0.39.
TELUS has raised its dividend by an average of 1.8% annually over the last three years. TELUS has a payout ratio of 99.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect TELUS to earn $2.25 per share next year, which means the company should continue to be able to cover its $2.02 annual dividend with an expected future payout ratio of 89.8%.
Shares of TELUS (NYSE TU) opened at $37.63 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.48 and a current ratio of 0.55. TELUS has a 1 year low of $31.23 and a 1 year high of $38.50. The firm has a market cap of $22,324.56, a PE ratio of 18.87, a P/E/G ratio of 2.31 and a beta of 0.92.
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TELUS Company Profile
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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