TELUS Corporation (TU) to Issue Quarterly Dividend of $0.51 on January 2nd

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.

A number of equities research analysts recently weighed in on the stock. Scotiabank raised shares of TELUS from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub lowered shares of TELUS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. BMO Capital Markets boosted their target price on shares of TELUS from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. Finally, Barclays boosted their target price on shares of TELUS from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $45.14.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3079465/telus-corporation-tu-to-issue-quarterly-dividend-of-0-51-on-january-2nd.html.

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.

Dividend History for TELUS (NYSE:TU)

Receive News & Ratings for TELUS Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.