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

Today the Board of Directors of TELUS Corporation announced a quarterly dividend increase of from CA$ 0.525 to CA$ 0.545 per share that’s payable January 2, 2019 to holders of record December 11, 2018. This represents a 7.92% increase year-over-year and 3.81% increase to the last quarter dividend. This was a sixteenth dividend increase since TELUS announcing their multi-year dividend growth program in May 2011. With current price CA$ 45.51 (today's open), this raise brings their dividend yield to 4.79%.

Since I own 180 shares of TU, this will increase my portfolio's projected annual net dividend income by CA$ 10.73.

That increase rises my YOC to 5.01%. 

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You can follow the development of my dividends here.

Full Disclosure: Long TU 

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