TELUS Corporation (NYSE:TU) Announces C$0.42 Quarterly Dividend

TELUS Corporation (NYSE:TU) (TSE:T) declared a quarterly dividend on Thursday, February 12th. Investors of record on Wednesday, March 11th will be given a dividend of 0.4184 per share by the Wireless communications provider on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend is Wednesday, March 11th.

TELUS has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. TELUS has a payout ratio of 148.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect TELUS to earn $0.78 per share next year, which means the company may not be able to cover its $1.19 annual dividend with an expected future payout ratio of 152.6%.

TELUS Trading Down 2.1%

NYSE TU traded down $0.30 on Thursday, reaching $13.95. The stock had a trading volume of 10,605,230 shares, compared to its average volume of 5,620,084. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 1.47. The stock has a fifty day moving average price of $13.39 and a two-hundred day moving average price of $14.66. TELUS has a 12-month low of $12.54 and a 12-month high of $16.74. The firm has a market capitalization of $21.59 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 2.18 and a beta of 0.67.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). TELUS had a net margin of 5.71% and a return on equity of 8.76%. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. As a group, sell-side analysts forecast that TELUS will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TU shares. Weiss Ratings reissued a “hold (c-)” rating on shares of TELUS in a research report on Monday, December 29th. Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. Barclays dropped their price target on shares of TELUS from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. BMO Capital Markets lowered TELUS from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 11th. Finally, Citigroup upgraded TELUS to a “buy” rating in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, TELUS presently has a consensus rating of “Hold” and an average price target of $18.17.

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.