Topic: How To Invest

The Successful Investor Hotline – Friday, May 16, 2025

Article Excerpt

TELUS CORP., $22.07, Toronto symbol T, is your #1 Income Buy for 2025. The company is Canada’s largest wireless carrier with 13.88 million subscribers (including non-cellphone devices such as tablets). It also sells landline phone, Internet and TV services in B.C., Alberta and eastern Quebec. Starting in 2011, Telus began rewarding its shareholders with twice yearly dividend increases. Under the current version of the plan, the company has committed to increasing the annual rate by between 7% and 10% from 2023 through the end of 2025. The next increase will come with the July 2025 quarterly payment. Investors will then receive $0.4163 a share, up 3.5% from $0.4023. The new annual rate of $1.665 a share yields a high 7.5%. Beyond this year, Telus plans to increase the annual rate by between 3% and 8% from 2026 through the end of 2028. The company, through its Telus Health division, is now buying Workplace Options. That firm, based in North Carolina, helps businesses create and manage…