TELUS Co. (T) to Issue Quarterly Dividend of $0.38 on April 1st

TELUS Co. (TSE:TGet Free Report) (NYSE:TU) declared a quarterly dividend on Friday, February 9th, Zacks reports. Investors of record on Monday, March 11th will be paid a dividend of 0.376 per share on Monday, April 1st. This represents a $1.50 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date is Friday, March 8th.

TELUS Stock Performance

Shares of T opened at C$23.64 on Friday. The stock has a 50-day simple moving average of C$24.18 and a 200-day simple moving average of C$23.55. The company has a debt-to-equity ratio of 159.74, a quick ratio of 0.52 and a current ratio of 0.67. The stock has a market capitalization of C$34.51 billion, a PE ratio of 43.78, a PEG ratio of 2.21 and a beta of 0.68. TELUS has a 1 year low of C$21.16 and a 1 year high of C$28.95.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Royal Bank of Canada boosted their target price on TELUS from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. BMO Capital Markets boosted their target price on TELUS from C$26.00 to C$27.00 in a research note on Monday, December 11th. CIBC boosted their target price on TELUS from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. Veritas Investment Research lowered TELUS from a “buy” rating to a “reduce” rating and set a C$27.00 price target on the stock. in a research report on Friday, January 26th. Finally, TD Securities cut their price target on TELUS from C$29.00 to C$27.00 in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$27.77.

Read Our Latest Report on T

About TELUS

(Get Free Report)

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.

See Also

Dividend History for TELUS (TSE:T)

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