TELUS Corporation NOTICE OF CASH DIVIDEND

Rhea-AI Summary

TELUS Corporation (TU) announces a quarterly dividend of $0.3761 Canadian per share for its Common shares, payable on April 1, 2024. Shareholders of record on March 11, 2024, will receive the dividend.

Financial Analyst

The announcement of TELUS Corporation's quarterly dividend is a significant piece of information for current and potential investors, as it directly impacts shareholder value. The specified dividend of $0.3761 Canadian per share represents a return on investment that shareholders can expect to receive on the payable date. This figure is crucial for calculating the dividend yield, which is a key metric used to assess the attractiveness of a stock to income-focused investors.

When evaluating the implications of this dividend declaration, it's important to consider the company's dividend history and payout ratio. A consistent or increasing dividend over time can be a sign of a company's financial health and stability, indicating that it generates sufficient cash flow to reward shareholders while still investing in growth opportunities. Conversely, a high payout ratio could signal that the company is returning most of its earnings to shareholders, which might not be sustainable in the long term.

Furthermore, the timing of the dividend in relation to the fiscal calendar can influence investor sentiment and stock price movements. Dividend announcements often lead to increased trading volume around the ex-dividend date, as investors position themselves to capture the dividend payout.

Market Research Analyst

The announcement of a dividend can also serve as a signal to the market about the company's confidence in its financial stability and future earnings. A stable or increased dividend payout can be interpreted as a positive indicator of the company's performance and can influence investor perception. It is also essential to compare the dividend amount with that of peer companies in the telecommunications sector to assess whether TELUS Corporation is providing competitive shareholder returns.

Moreover, market analysts often look at the dividend payout in the context of the company's stock price to calculate the dividend yield. This yield is a critical factor in the total return analysis of a stock, especially in a low-interest-rate environment where fixed-income investments offer modest returns. A competitive dividend yield can make a stock more attractive to a broader range of investors, including those looking for income-generating investments.

It is also worth noting that the dividend declaration can have tax implications for shareholders, depending on their jurisdiction and tax status. This aspect should be considered when evaluating the net benefit of dividend payments.

VANCOUVER, BC, Feb. 9, 2024 /PRNewswire/ - TELUS Corporation (TSX: T) (NYSE: TU) hereby gives notice that the Board of Directors has declared a quarterly dividend of $0.3761 Canadian per share on the issued and outstanding Common shares payable on April 1, 2024 to shareholders of record at the close of business on March 11, 2024.

By order of the Board

Andrea Wood
Executive Vice President and Chief Legal and Governance Officer

Vancouver, British Columbia
February 8, 2024

Contact: Investor Relations
1-800-667-4871
ir@telus.com

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SOURCE TELUS Corporation

FAQ

What is the dividend amount announced by TELUS Corporation (TU)?

TELUS Corporation (TU) declared a quarterly dividend of $0.3761 Canadian per share.

When will the dividend be payable to shareholders of TELUS Corporation (TU)?

The dividend will be payable on April 1, 2024, to shareholders of record at the close of business on March 11, 2024.

Who declared the dividend for TELUS Corporation (TU)?

The Board of Directors of TELUS Corporation (TU) declared the dividend.