TELUS Co. (TSE:T) Increases Dividend to $0.58 Per Share

TELUS Co. (TSE:T) (NYSE:TU) declared a quarterly dividend on Thursday, February 13th, Zacks reports. Shareholders of record on Wednesday, March 11th will be given a dividend of 0.582 per share on Wednesday, April 1st. This represents a $2.33 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Tuesday, March 10th. This is an increase from TELUS’s previous quarterly dividend of $0.56.

Shares of T stock traded down C$1.09 during midday trading on Friday, reaching C$53.44. 805,386 shares of the stock were exchanged, compared to its average volume of 1,042,949. TELUS has a 1 year low of C$45.69 and a 1 year high of C$55.48. The company’s 50 day moving average is C$51.92 and its two-hundred day moving average is C$49.33. The company has a current ratio of 0.80, a quick ratio of 0.61 and a debt-to-equity ratio of 159.46. The firm has a market cap of $32.97 billion and a PE ratio of 18.50.

Several research firms recently weighed in on T. Scotiabank upped their price target on TELUS from C$55.00 to C$58.00 in a research note on Friday, February 7th. BMO Capital Markets upped their price target on TELUS from C$52.00 to C$53.00 in a research note on Friday, December 6th. Royal Bank of Canada upped their price target on TELUS from C$53.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. TD Securities upped their price target on TELUS from C$62.00 to C$63.00 in a research note on Wednesday, February 5th. Finally, National Bank Financial upped their price target on TELUS from C$54.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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Dividend History for TELUS (TSE:T)

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