TELUS Co. (TSE:T) Announces Quarterly Dividend of $0.36

TELUS Co. (TSE:T) (NYSE:TU) declared a quarterly dividend on Thursday, August 3rd, Zacks reports. Investors of record on Friday, September 8th will be given a dividend of 0.364 per share on Monday, October 2nd. This represents a $1.46 annualized dividend and a yield of 6.20%. The ex-dividend date is Thursday, September 7th.

TELUS Trading Down 1.4 %

T stock opened at C$23.47 on Wednesday. The firm’s fifty day simple moving average is C$24.09 and its two-hundred day simple moving average is C$26.04. The stock has a market capitalization of C$34.03 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 1.82 and a beta of 0.68. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 155.24. TELUS has a twelve month low of C$22.28 and a twelve month high of C$29.90.

TELUS (TSE:T) (NYSE:TU) last announced its quarterly earnings data on Friday, August 4th. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.23 by C($0.04). TELUS had a net margin of 6.04% and a return on equity of 7.22%. The business had revenue of C$4.95 billion during the quarter, compared to the consensus estimate of C$4.93 billion. As a group, analysts anticipate that TELUS will post 0.9528416 earnings per share for the current year.

Analysts Set New Price Targets

T has been the subject of several recent research reports. Canaccord Genuity Group reduced their price target on shares of TELUS from C$32.00 to C$31.00 in a report on Monday, July 17th. Scotiabank lowered their price target on shares of TELUS from C$31.00 to C$29.50 in a report on Wednesday, May 31st. UBS Group reduced their price objective on shares of TELUS from C$28.00 to C$27.00 in a research note on Friday, July 14th. BMO Capital Markets lowered their target price on shares of TELUS from C$33.00 to C$29.00 in a research note on Monday, July 17th. Finally, TD Securities decreased their price objective on TELUS from C$30.00 to C$29.00 and set a “buy” rating for the company in a report on Tuesday, August 8th.

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; 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.