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

TELUS Co. (TSE:T) (NYSE:TU) announced a quarterly dividend on Thursday, November 9th, Zacks reports. Stockholders of record on Monday, December 11th will be given a dividend of 0.505 per share on Tuesday, January 2nd. This represents a $2.02 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Friday, December 8th. This is a boost from TELUS’s previous quarterly dividend of $0.49.

Shares of TELUS (TSE:T) opened at C$48.00 on Friday. TELUS has a 1 year low of C$42.13 and a 1 year high of C$48.94.

A number of research analysts have recently issued reports on the stock. TD Securities boosted their price target on shares of TELUS from C$51.00 to C$53.00 in a research note on Monday, November 27th. Barclays boosted their price target on shares of TELUS from C$52.00 to C$53.00 in a research note on Monday, November 13th. BMO Capital Markets boosted their price target on shares of TELUS from C$47.00 to C$49.00 in a research note on Monday, November 13th. Canaccord Genuity upped their target price on shares of TELUS from C$50.00 to C$51.00 in a research report on Monday, November 13th. Finally, CIBC upped their target price on shares of TELUS from C$48.00 to C$50.00 in a research report on Monday, November 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. TELUS has a consensus rating of “Buy” and an average target price of C$51.25.

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About TELUS

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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