Split is a plus for investors

Article Excerpt

TELUS $51.39 is a #1 Buy for 2020. The stock (Toronto symbol T; Shares outstanding: 607.2 million; Market cap: $32.6 billion; TSINetwork Rating: Above Average; Dividend yield: 4.5%; www.telus.com) lets you tap Canada’s third-largest wireless carrier after Rogers Communications (No. 1) and Bell Mobility (No. 2). Its wireless business has 10.2 million subscribers and supplies about 55% of overall revenue and 70% of earnings. Telus’s remaining 45% of revenue and 30% of earnings come from its wireline business. It has 1.2 million landline phone customers in B.C., Alberta and Quebec as well as 2.0 million Internet users, 1.2 million TV customers and 608,000 home security clients. The company now plans to split its common shares on a 2-for-1 basis on March 17, 2020. That’s good news for you as it makes the shares more affordable for smaller investors and thereby improves liquidity. Meanwhile, Telus shares trade at an attractive 16.3 times the forecast 2020 earnings of $3.15 a share. With the January 2020 payment, your dividend…

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