Saturday, November 5, 2016

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

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%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Thanks for stopping by!


  1. Hi Mate,

    what is the dividend tax on Canadian stocks? Do you pay just Canadian and your country of residence?

    Thanks a lot

    1. Hi Luca, Canada retains a 15% withholding tax, in addition to, Finland take 10.5%. So total I need to pay 25.5%

      Thanks for visiting,