TELUS Co. (T) Increases Dividend to $0.51 Per Share

TELUS Co. (TSE:T) (NYSE:TU) declared a quarterly dividend on Thursday, November 9th, Zacks reports. Investors of record on Monday, December 11th will be paid a dividend of 0.505 per share on Tuesday, January 2nd. This represents a $2.02 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Friday, December 8th. This is an increase from TELUS’s previous quarterly dividend of $0.49.

TELUS (TSE:T) opened at C$48.40 on Tuesday. TELUS has a 1-year low of C$42.13 and a 1-year high of C$48.94.

Several research analysts have recently weighed in on T shares. Barclays upped their price target on shares of TELUS from C$52.00 to C$53.00 in a report on Monday, November 13th. BMO Capital Markets upped their price target on shares of TELUS from C$47.00 to C$49.00 in a report on Monday, November 13th. Canaccord Genuity upped their price target on shares of TELUS from C$50.00 to C$51.00 in a report on Monday, November 13th. CIBC boosted their price objective on shares of TELUS from C$48.00 to C$50.00 in a research report on Monday, November 13th. Finally, Citigroup boosted their price objective on shares of TELUS from C$52.00 to C$54.00 in a research report on Monday, November 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$51.25.

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TELUS Company Profile

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

Dividend History for TELUS (TSE:T)

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