Thursday, November 5, 2015

Dividend Increase – TELUS Corporation (TSX: T, NYSE: TU)

Today the Board of Directors of TELUS Corporation announced a quarterly dividend increase of from CA$0.42 to CA$0.44 ($1,.76 annualized) per share that’s payable January 4, 2016 to holders of record December 11, 2015. This represents a 10% increase year-over-year and 4.76% increase to the last quarter dividend.

With current price CA$42.90 (today's open), this raise brings their dividend yield to 4.10%. 

Since I own 150 shares this will increase my yearly net dividends by CA$8.94.

That increase rises my YOC to 4.02 %.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long TU

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