TELUS Corporation (NYSE:TU) to Issue Quarterly Dividend of C$0.19

TELUS Corporation (NYSE:TU) (TSE:T) announced a quarterly dividend on Friday, November 6th. Stockholders of record on Friday, December 11th will be paid a dividend of C$0.19 per share by the Wireless communications provider on Monday, January 4th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date is Friday, December 11th.

TELUS has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 5 years. TELUS has a dividend payout ratio of 67.5% meaning its dividend is sufficiently covered by earnings. Analysts expect TELUS to earn $0.51 per share next year, which means the company may not be able to cover its $0.54 annual dividend with an expected future payout ratio of 105.9%.

TELUS Stock Performance

NYSE:TU traded down $0.35 during mid-day trading on Friday, hitting $9.06. The stock had a trading volume of 11,361,738 shares, compared to its average volume of 6,353,278. TELUS has a twelve month low of $7.64 and a twelve month high of $14.95. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.62 and a current ratio of 0.67. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of -22.11, a PEG ratio of 21.73 and a beta of 0.63. The company’s 50 day simple moving average is $8.73 and its 200 day simple moving average is $11.26.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, November 6th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). TELUS had a positive return on equity of 8.01% and a negative net margin of 4.51%. On average, equities research analysts forecast that TELUS will post 0.24 earnings per share for the current year.

About TELUS

TELUS Corporation is a Canadian communications and technology company headquartered in Vancouver, British Columbia. It provides telecommunications and digital services to consumers, businesses and public-sector organizations, primarily in Canada.

Its core offerings include wireless voice and data services, high-speed internet, television, home security and fixed-line voice services. TELUS also provides business connectivity, cloud, cybersecurity, information technology and communications solutions.