TELUS Corporation (NYSE:TU) to Issue 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 yield of 7.8%. The ex-dividend date is Thursday, September 10th.

TELUS has raised 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 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 research 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 Stock Down 11.3%

TU opened at $9.55 on Friday. TELUS has a 12 month low of $9.22 and a 12 month high of $16.72. The company has a market cap of $15.04 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 8.36 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 company has a 50 day moving average of $11.19 and a 200 day moving average of $12.46.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, July 31st. The Wireless communications provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.55 billion. TELUS had a net margin of 4.54% and a return on equity of 8.29%. On average, sell-side analysts expect that TELUS will post 0.72 EPS for the current year.

Key Stories Impacting TELUS

Here are the key news stories impacting TELUS this week:

• Positive Sentiment: TELUS outlined a plan to reduce leverage to 3.0 times or lower by the end of 2028, while prioritizing balance-sheet strength and long-term growth. The company also plans to remove the discount on its dividend reinvestment plan beginning October 1, which should reduce shareholder dilution. TELUS Reports Second-Quarter 2026 Results
• Neutral Sentiment: The board declared a quarterly dividend of $0.1875 per share, payable October 1 to shareholders of record September 10. The payment represents an annualized yield of approximately 7.8%, although the dividend reset reduces the appeal for income-focused investors. TELUS Declares Quarterly Cash Dividend
• Negative Sentiment: TELUS reported second-quarter adjusted earnings of $0.12 per share, below estimates ranging from $0.14 to $0.16 and down from $0.16 a year earlier. The company also missed revenue expectations, reinforcing concerns about operating performance and helping drive selling pressure. TELUS Lags Q2 Earnings and Revenue Estimates
• Negative Sentiment: The dividend reset is a near-term setback for shareholders and signals that management is prioritizing debt reduction over maintaining the previous payout trajectory. TELUS reported a 4.54% net margin and 8.29% return on equity, highlighting limited profitability relative to its substantial leverage. TELUS Dividend Reset and Financial Results

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.