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

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 dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, September 10th.

TELUS has raised its dividend 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 dividend 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. 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

Shares of TU stock traded down $1.22 during trading hours on Friday, reaching $9.55. 32,781,328 shares of the company were exchanged, compared to its average volume of 6,129,106. TELUS has a fifty-two week low of $9.22 and a fifty-two week high of $16.72. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.67 and a quick ratio of 0.63. The stock’s fifty day moving average is $11.25 and its two-hundred day moving average is $12.48. 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.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings results on Friday, July 31st. The Wireless communications provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). TELUS had a net margin of 4.54% and a return on equity of 8.29%. Sell-side analysts forecast that TELUS will post 0.72 earnings per share 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.