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

Today the Board of Directors of TELUS Corporation announced a quarterly dividend increase of from CA$ 0.4925 to CA$ 0.505 per share that’s payable January 2, 2018 to holders of record December 11, 2017. This represents a 5.21% increase year-over-year and 2.54% increase to the last quarter dividend. This was the fourteenth dividend increase since TELUS announcing their multi-year dividend growth program in May 2011 With current price CA$ 47.09 (Yesterday's close), this raise brings their dividend yield to 4.29%.

Since I own 180 shares of TU, this will increase my portfolio's projected annual net dividend income by CA$ 6.71.

That increase rises my YOC to 4.79%.

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You can follow the development of my dividends here.

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