A 13.6% gain for Telus investors is just a start

Article Excerpt

We have long told our Successful Investors to look for industry leaders that can adapt quickly to changing market conditions—while still focusing on building long-term value for investors. Telus, for example, has had to match a new unlimited data plan for its wireless customers in response to aggressive moves by its competitors. While that has slowed the company’s subscriber and revenue growth, it continues to excel at hanging onto its customers, which is partly why you’ve gained 13.6% in the past year. Part of Telus’s appeal are ongoing improvements to its networks. We think investors should be just as enthusiastic about its plan to keep rewarding them with annual dividend increases of between 7% and 10% through 2022. TELUS CORP. $50 is a buy. Through their shares, investors tap Canada’s third-largest wireless telephone carrier after Rogers (No. 1) and BCE (No. 2). This telecom provider (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 602.0 million; Market cap: $30.1 billion; Price-to-sales…

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