Topic: How To Invest

Dividend Advisor Hotline – Friday, November 13, 2020

Article Excerpt

TELUS CORP., $24.79, Toronto symbol T, is a buy. Investors in this stock tap Canada’s third-largest wireless carrier after Rogers Communications (No. 1) and Bell Mobility (No. 2). The company also sells landline phone, Internet, TV and home security services in B.C., Alberta and eastern Quebec. Telus tends to raise its quarterly dividend twice a year. However, it skipped the planned July 2020 increase due to the uncertainty caused by COVID-19. The company had to dea with the closure of retail stores and the suspension of data overage fees for Internet customers. Now that its operations are returning to normal, Telus will raise your quarterly dividend by 6.8%. Starting with the January 2021 payment, investors will receive $0.3112 a share instead of $0.29125. The new annual rate of $1.245 yields a high 5.0%. Meantime, in the three months ended September 30, 2020, earnings before unusual items fell 22.3%, to $356 million from $458 million a year earlier. Due to more shares outstanding, earnings per…

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