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Telus Tells Investors to Expect $0.34 Dividend

Continuing with its practice of raising its dividend payment every year, Canadian telecom Telus  (NYSE: TU  )  announced today its second-quarter dividend of $0.34 Canadian per share. Last quarter the payout was $0.32 Canadian per share. That's a 6.25% increase.

In May 2011, Telus announced plans to continue with two dividend increases per year to 2013 and expected the increases to be in the range of 10% annually. The board of directors said the new quarterly dividend is payable on July 2 to the holders of record at the close of business on June 10.

Telus has paid a dividend every quarter since 1999 and has regularly increased the payout since 2004. The regular dividend payment equates to a $1.36-per-share annual dividend yielding 3.7% based on the closing price of Telus's stock on May 8.

TU Dividend Chart

TU Dividend data by YCharts.


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Rich Duprey

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.


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Related Tickers

11/25/2015 4:01 PM
TU $31.20 Up +0.13 +0.42%
TELUS Corp (USA) CAPS Rating: *****