Yesterday the Board of Directors of TELUS Corporation announced a quarterly dividend increase of from CA$ 0.46 to CA$ 0.48 per share that’s payable January 3, 2017 to holders of record December 9, 2016. This represents a 9.09% increase year-over-year and 4.35% increase to the last quarter dividend. This was a twelfth dividend increase since TELUS announcing their multi-year dividend growth program in May 2011 With current price CA$ 42.40 (Yesterday's close), this raise brings their dividend yield to 4.53%.
Since I own 150 shares, this will increase my portfolio's projected annual net dividend income by CA$ 8.94.
That increase rises my YOC to 4.31%.
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You can follow the development of my dividends here.
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