Thursday, May 7, 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$0.40 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%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.


  1. Congrats on the dividend raise!


  2. Liking this company! A good Canadian one.



  3. Not sure how I missed this but as a fellow shareholder of Telus, we're very happy to see the increase.