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

TELUS Co. (NYSE:TU - Get Free Report) TSE: T announced a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Stockholders 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 dividend yield of 7.37%. The ex-dividend date of this dividend is Tuesday, March 11th.

TELUS has raised its dividend by an average of 7.0% annually over the last three years. TELUS has a dividend 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. 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 Down 0.2 %

NYSE TU traded down $0.04 on Tuesday, hitting $15.35. 791,443 shares of the company were exchanged, compared to its average volume of 3,755,882. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63. TELUS has a twelve month low of $13.24 and a twelve month high of $18.16. The firm has a market capitalization of $23.02 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 4.85 and a beta of 0.75. The company's 50 day moving average price is $14.21 and its 200-day moving average price is $15.44.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business earned $0.10 earnings per share. Analysts predict that TELUS will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TU. Scotiabank upgraded TELUS from a "sector perform" rating to a "sector outperform" rating in a report on Monday, October 28th. National Bank Financial cut shares of TELUS from an "outperform" rating to a "sector perform" rating in a report on Friday, December 13th. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Morgan Stanley began coverage on shares of TELUS in a research note on Monday, December 16th. They issued an "equal weight" rating on the stock. Four 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, TELUS has an average rating of "Hold" and a consensus target price 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.