Topic: How To Invest

Dividend Advisor Hotline – Friday, July 7, 2017

Article Excerpt

TELUS CORP., $44.68, Toronto symbol T, is Canada’s second-largest wireless carrier, after Rogers Communications, with 8.6 million subscribers. In addition, its wireline business serves 1.35 million traditional phone customers in B.C., Alberta and eastern Quebec. That operation also has 1.7 million Internet users and 1.1 million TV subscribers. Starting with the July 2017 payment, Telus increased its quarterly dividend by 2.6%, to $0.4925 a share from $0.48. The new annual rate of $1.97 yields a high 4.4%. The company continues to improve the speed and reliability of its wireless networks. As part of that plan, it has teamed up with Huawei, a Chinese networking-equipment maker, to develop advanced 5G wireless systems. They’re up to 200 times faster than current 4G networks. Telus and Huawei have now successfully tested their 5G technology in Vancouver. This experience will give Telus an advantage when wireless carriers around the world finalize 5G standards in 2018. The company aims to begin rolling out 5G service in 2020. Faster wireless…