Topic: How To Invest

Dividend Advisor Hotline – Friday, June 24, 2022

Article Excerpt

TELUS CORP., $28.89, Toronto symbol T, is a buy. The company is Canada’s second-largest wireless carrier, with 11.48 million users. That’s just behind BCE’s Bell Mobility (with 11.79 million users) and ahead of Rogers Communications (10.06 million users). It also sells landline phone, Internet, TV and home security services in B.C., Alberta and eastern Quebec. Now that the economy is reopening following the COVID-19 lockdowns, Telus is once again raising your dividend twice a year. In fact, it now aims to increase the annual dividend rate between 7% and 10% from 2023 through the end of 2025. The next dividend hike will come with the July 2022 payment when investors receive $0.3386 a share, up 3.4% from $0.3274. The new annual rate of $1.3544 yields a high 4.7%. The company is now buying LifeWorks Inc. (Toronto symbol LWRK). Formerly known as Morneau Shepell Inc., this firm sells software and computer systems that help businesses manage a variety of functions, including employee and family assistance, health…