10:06:21 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Telus Corp (2)
Symbol T
Shares Issued 608,627,729
Close 2015-03-03 C$ 44.10
Market Cap C$ 26,840,482,849
Recent Sedar Documents

Successful Inv refreshes Telus buy

2015-03-03 20:20 ET - In the News

The Successful Investor, in the March, 2015, issue, refreshes its buy of Telus Corp., recently $44. The Investor said buy 26 times from August, 1998, to December, 2014, at prices ranging from $9.70 to $65 (the stock split 2 for 1 on April 17, 2013). A $1,000 investment for each of the 26 buys is now worth $65,472. Telus, the third-largest wireless carrier in Canada, gets 54 per cent of its revenue and 66 per cent of its earnings from its wireless division. Most of the rest comes from its wireline division, which mainly consists of 3.2 million traditional phone customers in Western Canada and eastern Quebec. The health care division, which helps doctors, pharmacies and hospitals convert patient data into electronic formats, currently makes up 5 per cent of revenue, but Telus has been trying to expand it. It has also been improving its wireless and high-speed Internet services. The company will likely earn $2.41 a share in 2014 and $2.60 a share in 2015, giving reasonable price/earnings ratios. The higher earnings also give room for dividend boosts. Telus recently increased its quarterly payout to 40 cents from 38 cents, for a new yield of 3.6 per cent. It plans to raise the dividend by a further 10 per cent in 2015. Buy.

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