TELUS Co. (TSE:T) Announces Quarterly Dividend of $0.56

TELUS Co. (TSE:T) (NYSE:TU) declared a quarterly dividend on Thursday, May 9th, Zacks reports. Investors of record on Monday, June 10th will be given a dividend of 0.563 per share on Tuesday, July 2nd. This represents a $2.25 annualized dividend and a yield of 4.65%. The ex-dividend date is Friday, June 7th. This is a boost from TELUS’s previous quarterly dividend of $0.55.

Shares of TSE:T traded up C$0.07 on Friday, reaching C$48.41. 979,727 shares of the company traded hands, compared to its average volume of 1,111,079. The business has a 50-day simple moving average of C$49.44. TELUS has a 52 week low of C$43.88 and a 52 week high of C$51.22. The stock has a market capitalization of $29.10 billion and a PE ratio of 17.93. The company has a debt-to-equity ratio of 157.70, a current ratio of 0.77 and a quick ratio of 0.58.

TELUS (TSE:T) (NYSE:TU) last posted its earnings results on Thursday, May 9th. The company reported C$0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.74 by C$0.01. The firm had revenue of C$3.51 billion for the quarter, compared to analysts’ expectations of C$3.53 billion. On average, analysts expect that TELUS will post 3.1700001 earnings per share for the current fiscal year.

T has been the subject of several analyst reports. Canaccord Genuity raised their price target on shares of TELUS from C$51.00 to C$52.00 in a research report on Wednesday, May 1st. Royal Bank of Canada raised their price target on shares of TELUS from C$52.00 to C$53.00 in a research report on Tuesday, April 9th. Morgan Stanley upped their price target on TELUS from C$53.00 to C$55.00 in a research report on Thursday, March 14th. Finally, TD Securities cut their price target on TELUS from C$60.00 to C$59.00 and set a “buy” rating on the stock in a research report on Friday, May 10th.

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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