TELUS Co. (TU) To Go Ex-Dividend on December 11th

TELUS Co. (NYSE:TU) (TSE:T) announced a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Investors of record on Wednesday, December 11th will be paid a dividend of 0.297 per share by the Wireless communications provider on Thursday, January 2nd. This represents a $1.19 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date of this dividend is Wednesday, December 11th. This is a boost from TELUS’s previous quarterly dividend of $0.28.

TELUS has raised its dividend by an average of 11.9% annually over the last three years. TELUS has a payout ratio of 151.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect TELUS to earn $0.75 per share next year, which means the company may not be able to cover its $1.15 annual dividend with an expected future payout ratio of 153.3%.

TELUS Stock Up 3.2 %

Shares of NYSE TU opened at $15.66 on Friday. The stock has a market cap of $23.36 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.40 and a beta of 0.75. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.46. TELUS has a 52-week low of $14.63 and a 52-week high of $19.14. The business has a 50-day moving average price of $16.33 and a 200 day moving average price of $16.12.

Analyst Upgrades and Downgrades

TU has been the topic of several analyst reports. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Finally, Canaccord Genuity Group downgraded TELUS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, TELUS currently has a consensus rating of “Hold” and a consensus target price of $26.00.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.