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!

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2 comments:

  1. AnonymousNovember 7, 2016 at 3:31 PM

    Hi Mate,

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

    Thanks a lot
    Luca

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    Replies
    1. DividendHawkNovember 7, 2016 at 4:06 PM

      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,
      DH

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