TELUS Corporation (TU) To Go Ex-Dividend on September 7th
TELUS Corporation (NYSE:TU) (TSE:T) declared a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Stockholders of record on Friday, September 8th will be given a dividend of 0.3884 per share by the Wireless communications provider on Monday, October 2nd. This represents a $1.55 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Thursday, September 7th.
TELUS Corporation has raised its dividend payment by an average of 1.8% annually over the last three years. TELUS Corporation has a dividend payout ratio of 93.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect TELUS Corporation to earn $2.28 per share next year, which means the company should continue to be able to cover its $1.97 annual dividend with an expected future payout ratio of 86.4%.
TELUS Corporation (NYSE TU) opened at 36.34 on Friday. TELUS Corporation has a 12-month low of $30.31 and a 12-month high of $36.77. The stock has a 50 day moving average of $35.87 and a 200 day moving average of $33.94. The stock has a market cap of $21.59 billion, a P/E ratio of 22.06 and a beta of 0.89.
TELUS Corporation (NYSE:TU) (TSE:T) last released its quarterly earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.05. TELUS Corporation had a net margin of 9.55% and a return on equity of 18.75%. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the business posted $0.70 EPS. TELUS Corporation’s revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that TELUS Corporation will post $2.14 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of TELUS Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Barclays PLC lifted their price target on shares of TELUS Corporation from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 14th. BMO Capital Markets lifted their price target on shares of TELUS Corporation from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. Zacks Investment Research raised shares of TELUS Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Friday, July 14th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $47.00 price target on shares of TELUS Corporation in a research note on Monday, May 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $43.50.
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TELUS Corporation Company Profile
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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