Topic: How To Invest

The Successful Investor Hotline – Friday, July 21, 2023

Article Excerpt

TELUS CORP., $24.79, Toronto symbol T, is still your #1 Income Buy for 2023. The company is Canada’s second-largest wireless carrier (after BCE) with 12.16 million subscribers. It also sells landline phone, Internet and TV services in B.C., Alberta and eastern Quebec. With the July 4, 2023, payment, Telus increased your quarterly dividend by 3.6%, to $0.3636 a share from $0.3511. The new annual rate of $1.4544 yields a high 5.9%. Moreover, the company has pledged to raise the annual dividend rate by between 7% and 10% from 2023 through the end of 2025. The company also owns 72.2% of Telus International (Cda) Inc. (Toronto symbol TIXT). That firm operates call centres on behalf of over 650 corporate clients in 30 countries. It also helps them manage their computer systems and mobile apps. Telus International has cut its revenue and earnings forecasts for 2023. That’s because some of its larger clients, particularly in the technology industry, are spending less on its services. As a result, parent…