Wednesday, November 12, 2008

Telus Hikes Dividend

Canadian telecommunications firm TELUS Corporation (T.A) has raised it's dividend by 5.6% from $0.45/share to $0.475/share. This is the fifth annual increase to TELUS' dividend in five years.

TELUS now has about 6 million wireless subscribers. That means approximately 1 in 6 Canadians have a TELUS wireless account. TELUS is currently investing in many initiatives that are hurting near term earnings but should pay dividends in the future.

Here is a glance at TELUS' recent dividend activity:

2003-$0.60
2004-$0.65
2005-$0.875
2006-$1.20
2007-$1.575
2008-$1.825
2009-$1.925 (estimated)

This represents a compounded annual dividend growth rate of 21.5%.


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