Telus Corporation Declares Cash Dividend
Vancouver, British Columbia – Telus Corporation (TSX: T"A") and its subsidiaries (collectively, "Telus"), a leading telecommunications company offering a range of wireless, internet, TV, and phone services, has announced that its Board of Directors has approved a cash dividend, further committing to rewarding its shareholders.
The notice, published on [Date], revealed that the company will pay a quarterly dividend of $0.364 per common share, payable on [Date of Payment], to shareholders of record as of [Record Date]. The dividend payment is subject to a dividend reinvestment plan (DRIP), allowing shareholders to automatically reinvest their dividend payments in new Telus common shares.
This announcement marks the company’s commitment to providing a stable return on investment to its shareholders, as part of its dividend policy. The company has a history of paying dividends and has consistently increased its dividend payout over the years.
"We are pleased to maintain our strong tradition of distributing a portion of our cash flow to our shareholders," said Darren Entwistle, President and CEO of Telus. "Our financial performance has enabled us to demonstrate our financial discipline, and we are committed to continuing to create value for our shareholders through a combination of solid financial performance and strategic investments in our business."
Since 2004, Telus has increased its dividend payout by an average annual growth rate of 20%, providing shareholders with a significant return on their investment. The company’s dividend yield currently stands at approximately 4.67% based on the current stock price.
Under the company’s dividend reinvestment plan, participating shareholders can elect to reinvest their dividend payments in additional Telus common shares, allowing them to potentially benefit from the company’s future stock price appreciation.
Shareholders who wish to participate in the TDSP must enroll by contacting their respective banks or brokers. Telus’ dividend notice is available online at [link to the company’s website].
About Telus
Established in 1990, Telus is a leading Canadian telecommunications company. Through its comprehensive range of wireless, internet, TV, and phone services, Telus is committed to making a positive impact on the communities it serves. With a strong commitment to customer service, Telus strives to provide innovative solutions to help keep Canadians connected. As of [Date], Telus had approximately 13.4 million customers, supported by a strong team of over 24,000 employees.
Disclaimer
This article is for informational purposes only and should not be considered as investment advice. Investors should conduct their own research and consult with financial advisors before making any investment decisions.
