Telus Raises Dividend 4.3%; Second Raise this Year

On November 4th, “TELUS announced its twelfth dividend increase in the past six years as part of our multi-year, 10 per cent per annum dividend growth program launched in May 2011.” (telus.com)

Before Net Increase After
Annual Dividend $1.84 $0.08 $1.92
Quarterly Dividend $0.46 $0.02 $0.48
Monthly Dividend $0.15 $0.01 $0.16
Percentage Increase 4.30%

Telus has consecutively increased their dividend since the year 2004, representing a 12 year streak. They traditionally increase their dividend twice a year; once in the second quarter and again in the fourth quarter. This company is definitely always working hard to return value to shareholders.

Every time I look at any other Canadian telecom as I’d like to diversify in my exposure to the sector, I simply can’t put my money anywhere else as I find Telus offers the best value.

Dividend Income increased 0.34%

Considering the Dividend Beginner portfolio contains 100 shares of T, my annual income from T has increased by $8.00, from $184.00 to $192.00. My 12-month forward dividend income has increased from $2,315.64 to $2,323.64, an increase of 0.35%. My income from T accounts for 8.25% of my annual dividend income.

While an $8.00 increase in annual dividend income seems quite low, think about how it would require an investment of $170.58, at a yield of 4.59% (IPL’ dividend yield) to generate $8.00 in dividend income. That’s the equivalent of getting one to seventeen hours of your life back, depending on your wage.

Before Net Increase After
Annual Dividend Income $2,315.64 $8.00 $2,323.64
Monthly Dividend Income $192.97 $0.67 $193.64
Percentage Increase 0.35%

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