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

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

TELUS has increased its dividend by an average of 0.1%per year 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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 TELUS stock traded down $1.22 during mid-day trading on Friday, reaching $9.55. 32,781,328 shares of the stock were exchanged, compared to its average volume of 6,129,106. The company has a market cap of $15.04 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 8.64 and a beta of 0.63. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 1.59. The firm has a 50-day simple moving average of $11.25 and a 200 day simple moving average of $12.48. TELUS has a fifty-two week low of $9.22 and a fifty-two week high of $16.72.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results 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 net margin of 4.54% and a return on equity of 8.29%. On average, sell-side analysts predict that TELUS will post 0.72 EPS for the current fiscal year.

About TELUS

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.