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%.
This article was written by the moneygardener. If you enjoyed this article, please vote for it by clicking the Buzz Up! button below.
High-Yielding Utilities With A Growing Dividends
-
Long considered the domain of “widows and orphans”, utilities have
developed a somewhat stodgy reputation. Why are utilities considered good
for widows and...
9 hours ago