Today the Board of Directors of TELUS Corporation announced a quarterly dividend increase of from CA$0.40 to CA$0.42 per share that’s payable July 2, 2015 to holders of record June 10, 2015. This represents a 10.5% increase year-over-year and 5% increase to the last quarter dividend. This was a ninth dividend increase since TELUS announcing their multi-year dividend growth program in May 2011 With current price CA$42.02 (Yesterday's close), this raise brings their dividend yield to 4.0%.
Since I own 50 shares, this will increase my portfolio's projected annual net dividend income by CA$2.98.
That increase rises my YOC to 4.09%.
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You can follow the development of my dividends here.