TELUS Co. (NYSE:TU) Plans Quarterly Dividend of $0.28

TELUS Co. (NYSE:TU) (TSE:T) declared a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Shareholders of record on Tuesday, March 11th will be paid a dividend of 0.2829 per share by the Wireless communications provider on Tuesday, April 1st. This represents a $1.13 annualized dividend and a yield of 7.35%. The ex-dividend date of this dividend is Tuesday, March 11th.

TELUS has increased its dividend payment by an average of 7.0% per year over the last three years. TELUS has a payout ratio of 140.0% meaning 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 $0.72 per share next year, which means the company may not be able to cover its $1.12 annual dividend with an expected future payout ratio of 155.6%.

TELUS Trading Up 0.9 %

TU stock opened at $15.39 on Friday. The company has a market cap of $23.08 billion, a P/E ratio of 32.73, a PEG ratio of 4.85 and a beta of 0.75. TELUS has a twelve month low of $13.24 and a twelve month high of $18.16. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average of $14.22 and a 200-day moving average of $15.45.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley assumed coverage on TELUS in a research report on Monday, December 16th. They set an “equal weight” rating for the company. Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, National Bank Financial downgraded TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, TELUS presently has an average rating of “Hold” and a consensus price target of $26.00.

TELUS Company Profile

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.