TELUS Corporation (NYSE:TU) Declares C$0.19 Quarterly Dividend

TELUS Corporation (NYSE:TU) (TSE:T) declared a quarterly dividend on Friday, July 31st. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.1875 per share by the Wireless communications provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Thursday, September 10th.

TELUS has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. TELUS has a payout ratio of 151.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect TELUS to earn $0.75 per share next year, which means the company may not be able to cover its $1.21 annual dividend with an expected future payout ratio of 161.3%.

TELUS Price Performance

NYSE TU traded down $1.22 on Friday, reaching $9.55. 32,781,328 shares of the stock traded hands, compared to its average volume of 6,129,106. TELUS has a 12 month low of $9.22 and a 12 month high of $16.72. The company has a market cap of $15.04 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 8.64 and a beta of 0.63. The firm’s fifty day simple moving average is $11.25 and its 200 day simple moving average is $12.48. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 1.59.

TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings data on Friday, July 31st. The Wireless communications provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). TELUS had a return on equity of 8.29% and a net margin of 4.54%. As a group, research analysts predict that TELUS will post 0.72 EPS for the current fiscal year.

TELUS Company Profile

TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.