telus
Toronto symbol T.A, provides local and long distance telephone service in B.C., Alberta and parts of Quebec, and wireless service across Canada.
Telus Corporation (also shortened and referred to as Telus Corp, and stylized as TELUS) is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus has a long history and is listed with the Toronto Stock Exchange (TSX:T).
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ISHARES DOW JONES CANADA SELECT DIVIDEND INDEX FUND $22.24 (Toronto symbol XDV; buy or sell through brokers; ca.ishares.com) holds 30 of the highest-yielding Canadian stocks. Its selections are based on dividend growth, yield and payout ratio. The weight of any one stock is limited to 10% of its assets. The fund’s MER is 0.50%. It yields 4.2%.
The fund’s top holdings are CIBC, 6.7%; Bonterra Energy, 6.0%; National Bank, 6.0%; TD Bank, 5.5%; Bank of Montreal, 5.4%; Royal Bank, 4.4%; Telus Corp., 4.4%; Bank of Nova Scotia, 4.1%; BCE Inc., 4.1%; and IGM Financial, 3.9%.
The fund holds 51.5% of its assets in financial stocks. The top Canadian finance stocks have sound prospects. However, if you invest in this ETF, be sure to adjust the rest of your portfolio so it won’t be overly concentrated in the financial sector.
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The fund’s top holdings are CIBC, 6.7%; Bonterra Energy, 6.0%; National Bank, 6.0%; TD Bank, 5.5%; Bank of Montreal, 5.4%; Royal Bank, 4.4%; Telus Corp., 4.4%; Bank of Nova Scotia, 4.1%; BCE Inc., 4.1%; and IGM Financial, 3.9%.
The fund holds 51.5% of its assets in financial stocks. The top Canadian finance stocks have sound prospects. However, if you invest in this ETF, be sure to adjust the rest of your portfolio so it won’t be overly concentrated in the financial sector.
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ISHARES S&P/TSX 60 INDEX FUND $18.50 (Toronto symbol XIU; buy or sell through brokers; ca.ishares.com) is a good low-fee way to buy the top stocks on the TSX. The units are made up of stocks that represent the S&P/TSX 60 Index, which consists of the 60 largest, most heavily traded stocks on the exchange. Expenses are just 0.17% of assets.
The index mostly consists of high-quality companies. However, as the fund must ensure that all sectors are represented, it holds a few stocks we wouldn’t include.
The index’s top holdings are Royal Bank, 7.8%; TD Bank, 6.7%; Bank of Nova Scotia, 6.0%; Suncor Energy, 4.6%; Bank of Montreal, 3.6%; CN Railway, 3.6%; Potash Corp., 3.3%; Enbridge, 3.1%; Trans- Canada Corp., 3.0%; BCE Inc., 3.0%; CIBC, 2.9%; Canadian Natural Resources, 2.9%; Barrick Gold, 2.9%; Goldcorp, 2.6%; Manulife Financial, 2.3%; Cenovus Energy, 2.2%; and Telus Corp., 1.9%.
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The index mostly consists of high-quality companies. However, as the fund must ensure that all sectors are represented, it holds a few stocks we wouldn’t include.
The index’s top holdings are Royal Bank, 7.8%; TD Bank, 6.7%; Bank of Nova Scotia, 6.0%; Suncor Energy, 4.6%; Bank of Montreal, 3.6%; CN Railway, 3.6%; Potash Corp., 3.3%; Enbridge, 3.1%; Trans- Canada Corp., 3.0%; BCE Inc., 3.0%; CIBC, 2.9%; Canadian Natural Resources, 2.9%; Barrick Gold, 2.9%; Goldcorp, 2.6%; Manulife Financial, 2.3%; Cenovus Energy, 2.2%; and Telus Corp., 1.9%.
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TELUS CORP. (Toronto symbols T $68 and T.A $68; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 326.0 million; Market cap: $22.2 billion; Price-to-sales ratio: 2.0; Dividend yield: 3.6%; TSINetwork Rating: Above Average; www.telus.com) has received court approval for its plan to convert its 151 million non-voting class A shares into regular common shares (which have one vote each) on a one-for-one basis.
The company converted the shares in the U.S. on February 4, 2013. The move dilutes common shareholders’ voting power, but it lets the common shares trade on the New York Stock Exchange (symbol TU). Previously, only the non-voting shares traded on New York. The change should make the common shares more liquid. Telus will make the conversion in Canada on February 11, 2013.
Telus A stock is a buy.
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The company converted the shares in the U.S. on February 4, 2013. The move dilutes common shareholders’ voting power, but it lets the common shares trade on the New York Stock Exchange (symbol TU). Previously, only the non-voting shares traded on New York. The change should make the common shares more liquid. Telus will make the conversion in Canada on February 11, 2013.
Telus A stock is a buy.
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TELUS CORP. (Toronto symbols T $68 and T.A $68; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 326.0 million; Market cap: $22.2 billion; Price-to-sales ratio: 2.0; Dividend yield: 3.6%; TSINetwork Rating: Above Average; www.telus.com) has received court approval for its plan to convert its 151 million non-voting class A shares into regular common shares (which have one vote each) on a one-for-one basis.
The company converted the shares in the U.S....
The company converted the shares in the U.S....
Most stock markets have risen lately. But as always, they remain subject to unexpected downturns. Even so, we feel the long-term outlook is for higher stock prices. One way to profit from rising markets is to add exchange traded funds (ETFs) that track major stock indexes to your portfolio. ETFs trade on stock exchanges, just like stocks. Prices are quoted in newspaper stock tables and online. You must pay brokerage commissions to buy and sell ETFs, but their low management fees still give them a cost advantage over most mutual funds....
Most stock markets have risen lately. But as always, they remain subject to unexpected downturns. Even so, the long-term outlook is for higher stock prices.
One way to profit from rising markets is to add exchange traded funds (ETFs) that track major stock indexes to your portfolio.
ETFs trade on stock exchanges, just like stocks....
One way to profit from rising markets is to add exchange traded funds (ETFs) that track major stock indexes to your portfolio.
ETFs trade on stock exchanges, just like stocks....
TELUS $64.54 (Toronto symbol T.A; Sharesoutstanding: 324.9 million; Market cap: $21.0billion; TSINetwork Rating: Above Average;Dividend yield: 4.0%; www.telus.com) hasreceived approval from the B.C. Supreme Courtto convert its 151 million non-voting class Ashares into regular common shares (which haveone vote each) on a one-for-one basis.Shareholders have already approved the plan.
The plan will dilute common shareholders’voting power. However, it will let the commonshares trade on the New York Stock Exchange;right now, only the non-voting shares trade onNew York. That should make the commonshares more liquid.
The company will probably complete theconversion in January 2013. Until then, thenon-voting shares will likely trade at a slightdiscount to the common shares, even thoughthey receive identical dividends.
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The plan will dilute common shareholders’voting power. However, it will let the commonshares trade on the New York Stock Exchange;right now, only the non-voting shares trade onNew York. That should make the commonshares more liquid.
The company will probably complete theconversion in January 2013. Until then, thenon-voting shares will likely trade at a slightdiscount to the common shares, even thoughthey receive identical dividends.
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TELUS $64.54 (Toronto symbol T.A; Sharesoutstanding: 324.9 million; Market cap: $21.0billion; TSINetwork Rating: Above Average;Dividend yield: 4.0%; www.telus.com) hasreceived approval from the B.C. Supreme Courtto convert its 151 million non-voting class Ashares into regular common shares (which haveone vote each) on a one-for-one basis.Shareholders have already approved the plan.
The plan will dilute common shareholders’voting power....
The plan will dilute common shareholders’voting power....
TELUS CORP. (Toronto symbols T $65 and T.A $65; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 325.8 million; Market cap: $21.2 billion; Price-to-sales ratio: 2.0; Dividend yield: 3.9%; TSINetwork Rating: Above Average; www.telus.com) recently received shareholder approval for its plan to convert its 151 million non-voting class A shares into regular common shares (one vote per share) on a one-for-one basis. The B.C. Supreme Court must still approve this move, probably in early 2013.
Telus also reported that non-Canadian investors now own about 15% of its common shares, down from 33% six months ago. It’s likely that U.S.-based hedge fund Mason Capital, which opposes the conversion plan, has cut its 18.7% stake. This drop also makes it easier for Telus to attract more non-Canadian investors without violating Ottawa’s foreign ownership limits on phone companies.
Even though they receive identical dividends and have similar liquidity, the non-voting shares are usually cheaper than the common shares.
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Telus also reported that non-Canadian investors now own about 15% of its common shares, down from 33% six months ago. It’s likely that U.S.-based hedge fund Mason Capital, which opposes the conversion plan, has cut its 18.7% stake. This drop also makes it easier for Telus to attract more non-Canadian investors without violating Ottawa’s foreign ownership limits on phone companies.
Even though they receive identical dividends and have similar liquidity, the non-voting shares are usually cheaper than the common shares.
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PLEASE NOTE: This is our last Hotline for 2012. Our next Hotline will go out on Friday, January 4, 2013. RESEARCH IN MOTION LTD., $10.86, Toronto symbol RIM, reported a lower-than-expected loss in its latest quarter. Its revenue matched the consensus estimate. However, due to its falling share of the smartphone market, RIM has had to cut the fees it charges wireless carriers to use its proprietary messaging network. RIM earns higher profits from this service than selling hardware, so lower fees will hurt its profitability. That’s why the stock fell 22% today....