The Globe and Mail reports in its Tuesday, March 26, edition that National Bank Financial analyst Adam Shine is emphazising the impact of "intense" competition on Telus, but he expects its quarterly financial report in early May will come with a 3.5-per-cent increase to its dividend. The Globe's David Leeder writes in the Eye On Equities column that the National Bank stockpicker says in a note: "Growth steps down as M&A has been lapped, renewed traction out of verticalization strategy only comes post-1H, and Telus contends with greater competitive intensity in wireline and wireless after Rogers bought Shaw and Quebecor acquired Freedom on 4/3/23. Restructuring savings of over $325-million were to be achieved exiting 1Q24 with ongoing efforts to extract M&A synergies." Mr. Shine continues to rate Telus "outperform." Mr. Shine reduced his share target by a loonie to $26. The Globe reported on Oct. 27 that Mr. Shine continued to rate Telus "outperform." The shares could then be had for $22.01. The Globe reported on Jan. 5 and Feb. 13 that Scotia Capital analyst Maher Yaghi continued to rate Telus "sector outperform." It was then worth $23.87 and $23.71.