TELUS Co. (TSE:T) Raises 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 paid a dividend of 0.505 per share on Tuesday, January 2nd. This represents a $2.02 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Friday, December 8th. This is a boost from TELUS’s previous quarterly dividend of $0.49.

Shares of TELUS (T) traded up C$0.04 during trading on Friday, reaching C$47.62. 656,500 shares of the company were exchanged, compared to its average volume of 979,686. The company has a market cap of $28,010.00, a PE ratio of 22.36 and a beta of 0.56. TELUS has a 52 week low of C$42.22 and a 52 week high of C$48.94.

T has been the topic of several research analyst reports. Scotiabank upgraded shares of TELUS from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$50.00 to C$54.00 in a research note on Wednesday, October 25th. National Bank Financial upped their price target on shares of TELUS from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Royal Bank of Canada raised shares of TELUS from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$47.00 to C$51.00 in a research report on Friday, November 10th. TD Securities upped their price target on shares of TELUS from C$49.00 to C$51.00 and gave the company a “hold” rating in a research report on Friday, November 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of TELUS from C$49.00 to C$53.00 in a research report on Monday, November 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average 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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