The telecommunications company will now pay a quarterly dividend of 56.25 cents per share, up3.2 per cent from 54.5 cents per share. Telus Corp. raised its dividend as it reported a first-quarter profit of $437 million, up from $412 million a year ago. “We view this dividend growth range as strong given it leads all other Canadian large-cap telecom companies,” wrote Maher Yaghi of Desjardins Capital Markets. The extended dividend policy was announced after Telus reported a first-quarter profit of $437 million, up from $412 million a year ago. Operating revenue totalled nearly $3.51 billion, up from nearly $3.38 billion in the first quarter of 2018, helped by higher wireless and wireline data services revenue growth.

Source: thestar May 09, 2019 11:46 UTC