Friday, November 8th the Board of TELUS Corporation (TSE:T) announced a quarterly dividend increase of from C$0.3891 to C$0.4023 per share that’s payable January 2, 2025 to holders of record December 11, 2024. This represents a 3.39% increase over the last quarterly dividend.
It should be noted that this is the second increase in the last 12 months. In May 2024, TELUS increased quarterly dividend from C$0.3761 to C$0.3891 or 3.46%, bringing the annual increase to 7.0%.
With current price C$21.95 (yesterday's close), this raise brings their dividend yield to 7.33%.