TELUS Corporation (NYSE:TU) to Issue C$0.42 Quarterly Dividend

TELUS Corporation (NYSE:TU) (TSE:T) declared a quarterly dividend on Friday, May 8th. Stockholders of record on Wednesday, June 10th will be given a dividend of 0.4184 per share by the Wireless communications provider on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 13.1%. The ex-dividend date is Wednesday, June 10th.

TELUS has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 5 years. TELUS has a payout ratio of 152.5% meaning 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 $0.72 per share next year, which means the company may not be able to cover its $1.22 annual dividend with an expected future payout ratio of 169.4%.

TELUS Trading Down 1.1%

Shares of NYSE TU traded down $0.15 during mid-day trading on Friday, reaching $12.74. The company had a trading volume of 6,251,883 shares, compared to its average volume of 5,746,569. TELUS has a 52 week low of $11.69 and a 52 week high of $16.74. The business’s 50-day moving average is $12.89 and its 200-day moving average is $13.41. The stock has a market cap of $19.73 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 4.71 and a beta of 0.61. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 1.65.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). TELUS had a return on equity of 8.42% and a net margin of 5.42%.The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period last year, the company earned $0.25 earnings per share. Equities analysts expect that TELUS will post 0.7 earnings per share for the current 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.