Thursday, May 9, 2019

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



Today May 9, the Board of Directors of TELUS Corporation announced a quarterly dividend increase of from CA$ 0.545 to CA$ 0.5625 per ordinary share that’s payable July 2, 2019 to holders of record June 10, 2019. This represents a 7.14% increase year-over-year and 3.21% increase to the last quarter dividend. This was a seventeenth dividend increase since TELUS announcing their multi-year dividend growth program in May 2011.

TELUS announced its intention to target ongoing semi-annual dividend increases, with the annual increase in the range of 7 to 10 per cent from 2020 through to the end of 2022. This announcement further extends TELUS’ multi-year dividend growth program originally announced in May 2011 and extended for three additional years in each of May 2013 and May 2016. This program provides investors with ongoing clarity with respect to TELUS’ dividend growth model. 

With current price CA$ 49.20 (today's open), this raise brings their dividend yield to 4.57 %.



Since I own 180 shares of TELUS, this will increase my portfolio's projected annual net dividend income by CA$ 9.39.

This increase raises my YOC to 5.58%.

Summary of 2019 Dividend Increases / Cuts

No.
Ticker
Increase %
Net Increase
Net Increase
No.
Ticker
Increase %
Net Increase
Net Increase



$



$
1
TSX:CU
7.48%
8.14
9.93
2
O
2.04%
3.00
3.42
3
OKE
0.58%
0.65
0.75
4
WEC
6.79%
1.47
1.68
5
KMB
3.00%
1.02
1.16
6
INTC
5.00%
15.81
17.88
7
 TELIA1
2.61% 
13.00 
14.82 
8
NCC
-50.00%
-86.22
-98.61
9
CVX
6.25%
10.90
12.52
10
UPM
13.04%
122.93
140.95
11
GILD
10.53%
5.47
6.26
12
ADM
4.48%
3.33
3.80
13
MMM
5.88%
1.25
1.43
14
BIP
6.91%
0,77
0,87
15
NESTE
34.12%
172.84
196.45
16
ORNBV
3.45%
11.17
12.70
17
KESKOB
6.36%
10.43
11.85
18
SAMPO
9.62%
28.86
32.77
19
TSX:BCE
4.97%
7.79
8.84
20
TEL2
10.00%
6.42
7.24
21
TROW
8.57%
8.72
9.83
22
SKT
1.43%
1.98
2.24
23
CSCO
6.06%
9.76
11.03
24
PEP
2.96%
7.25
8.19
25
KO
2,56%
3.94
4.47
26
KHC
-36.00%
-59.14
-67.05
27
DLR
6.93%
22.08
25.03
28
MGA
10.61%
4.60
5.22
29
TSX:RY
4.08%
9.60
10.89
30
TSX:BNS
2.35%
6.16
7.02
31
ETN
7.58%
3.93
4.47
32
MAIN
2.56%
3.93
4.47
33
TSX:CM
2.94%
1.19
1.36
34
TSX:TD
10.45%
25.07
28.51
35
O
0.22%
0.34
0.38
36
WPC
0.19%
0.37
0.42
37
WSM
11.63%
5.87
6.71
38
KMI
25.00%
26.38
29.80
39
UNA:AS
5.99%
5.53
6.21
40
OKE
0.58%
0.66
0.75
41
LAZ
6.82%
8.01
8.94
42
JNJ
5.56%
8.03
8.94
43
MAIN
2.50%
1.73
1.94
44
BAX
15.79%
4.80
5.36
45
CAH
1.01%
0.73
0.82
46
TSX:T
3.21%
6.21
6.96

TOTAL






€456.75
$519.60

Increases have been reported by deducting a 25.5% capital income tax.




Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long TU

Thanks for stopping by!

1 comment:

  1. congrats hawk. Wow over 500 added from dividend increases alone? Thats awesome.

    keeep it up

    ReplyDelete