Medical app could fuel your shares

Article Excerpt

TELUS CORP. $21 is a buy. This leading telecom company (Toronto symbol T; Income-Growth Dividend Payer Portfolio, Utilities sector; Shares outstanding: 1.3 billion; Market cap: $27.3 billion; Dividend yield: 5.5%; Dividend Sustainability Rating: Highest; www.telus.com) rewarded its investors with a 3.6% increase to its quarterly dividend with the January 2020 payment. Shareholders now receive $0.29125 a share instead of $0.28125. The new annual rate of $1.165 yields a high 5.5%. (Note—All per share amounts adjusted for 2-for-1 split in March 2020.) Through its Telus Health division, the company has now developed a smartphone app—called Babylon—that lets doctors in Alberta meet with patients over a video link. The app also lets doctors check for symptoms, including COVID-19. Demand for this product could be strong as it supports “physical distancing” and protects doctors and nurses. nurses…

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