Telus Corp and BCE Inc. both pulled their financial guidance Thursday morning, as the two telecom giants reported first-quarter earnings in the midst of the COVID-19 global pandemic. Telus reported its first-quarter profit fell as investments in its networks and an increase in acquisition-related accounting expenses more than offset growth in earnings from its core communications business. Telus Corp and BCE Inc. both pulled their financial guidance Thursday morning, as the two telecom giants reported first-quarter earnings in the midst of the COVID-19 global pandemic. The 4.6% dividend yield is undoubtedly the main attraction to Telus stock for many income-oriented investors, but for those seeking a better risk/reward trade-off, I’ve gathered a list of three alternative stocks with similar (or better) yields with what I believe have fewer medium-term downside risks, and a cheaper valuation. The company first announced its its 7-10% dividend growth guidance in 2011. View and export this data going back to 1999. Meanwhile, Telus also deferred an update on its 2020 guidance in the wake of the COVID-19 pandemic. As of this writing, Telus is trading at $25.45 and yielding 4.9%. As a defensive dividend play with a dominant presence in Canada’s telecom scene, Telus is precisely the type of stock you’d want to … Browse... View Full Chart Dividend Chart . Foolish bottom line. Also, there may be better ways to spend this money. Equally as reassuring, the company re-introduced dividend growth guidance of 7-10% through 2022. The company expects to achieve its previous free cash flow guidance with the help of cost cutting. It remains a top dividend stock for income investors. The company’s guidance targets a 7-10% dividend growth rate through to 2022. Desjardins analyst Maher Yaghi noted the capital expenditure guidance is a “significant decline” since it reverses the trend of increased spending. Earlier Thursday, Telus said it would maintain its quarterly dividend at 29.125 cents per share. This news release contains statements about financial and operating performance of TELUS (the Company) and future events that are forward looking, including with respect to the Company’s 2017 annual targets and guidance and future dividend increases. The post TELUS (TSX:T) Is a Top Dividend Stock appeared first on The Motley Fool Canada. Dividend increases should be in line with that guidance. BCE would only say its amount was “immaterial,” while a Telus spokeswoman said her company claimed “less than” two per cent of the roughly $1.5 billion that it paid in dividends through the early part of December. This deal transformed Telus into a blossoming national wireless company while also broadening the range of bundled services it could offer. BCE shares were flat and Telus shares were down 1% as of 10:03 a.m. Toronto time. Income investors who buy at the current price can pick up a solid 7.4% dividend yield and simply collect the distributions while they wait for the share price to drift higher. Enbridge’s target dividend-payout ratio is 60-70% of DCF. Of note, the company also re-instated dividend growth guidance in which it expects to raise the dividend by 7-10% annually through 2022. Telus recently hiked the dividend as well as the 2017 guidance as a result of favourable results in the most recent quarter. This news release contains statements about financial and operating performance of TELUS (the Company) and future events that are forward looking, including with respect to the Company’s 2017 annual guidance, preliminary 2018 capital expenditure targets, free cash flow targets, cash tax assumptions, future dividend increases and share purchases. Telus (TSX:T) Toronto-Dominion Bank (TSX:TD) ... with expected guidance between 1.3 and 1.4 million ounces produced in 2021. The company expects to achieve its previous free cash flow guidance with the help of cost cutting. With the raise, Telus extends its dividend growth streak to 17-years, tops among all TSX-listed telecoms. BCE, Telus See Drop in Wireless, Keep Dividends Steady Back to video. When it comes to dividends, Telus has a very transparent policy with shareholders—currently forecasting 7-10% dividend growth through the end of 2022. It then extended this 2-3 year commitment in 2013, 2016 and no again in 2020. View 4,000+ financial data types. Bell reported operating revenues of $5.6 billion in Q1, a year-over-year decline of 0.9 per cent, and the company’s net earnings were down 7.3 per cent, from $791 million a year ago to $733 million in 2020. Get the latest TELUS CORP. (BCZ.DU) stock news and headlines to help you in your trading and investment decisions. Investment Thesis. Enbridge has paid dividends for over 66 years to its shareholders. We apologize, but this video has failed to load. Telus is a solid safety play. In December 2020, we announced a 3% increase to our dividend per share, increasing the quarterly dividend to $0.835. By their nature, forward-looking … Updated 2020 financial guidance: EBITDA of approximately $13.7 billion; DCF per share of $4.50 to $4.80 per share ; Re-affirmation of 5%-7% average long term annual DCF per share growth outlook, based on an equity self-funded model After a shares slump, … Export Data Save Image Print Image For advanced charting, view our full-featured Fundamental Chart. Amid dividend cuts, income investors can still find safety. The current quarterly dividend comes out to an impressive $0.4925 per quarter, providing an appetizing 4.30% yield to investors. More reading. Telus has paid uninterrupted dividends since then and targets 7% to 10% annual dividend growth through 2022. Business Analysis . The stock trades near $45 per share compared to $56 in early 2020. Telus and Loblaw both came ... Telus came through with a 6.85% raise, at the low end but very close to being inline with guidance for annual dividend growth of 7-10%. The TELUS Board of Directors has declared a quarterly dividend of $0.545 per share on the issued and outstanding Common Shares of the Company payable … Over the past 26 years, the dividend has grown at an average compound annual growth rate of 10%. Despite this, Telus decided to delay the scheduled dividend increase. These uncertain and difficult times mean that caution is warranted. Earlier Thursday, Telus said it would maintain its quarterly dividend at 29.125 cents per share. By their nature, forward-looking statements require the Company to make assumptions and predictions and are subject to inherent … Image source: Getty Images. If … Currently, it pays quarterly dividends of $0.3112 per share, representing a dividend yield of 4.7%. First, the coronavirus slashed share prices, John Heinzl writes. This translates into $3.34 dividend per share on an annualized basis for 2021. Meanwhile, the company’s forward dividend yield currently stands at a healthy 4.9%. “Given the uncertain magnitude, duration and potential outcomes of the COVID-19 pandemic, the Board determined that it would be prudent at this time to sustain the current dividend per share and defer any dividend increase until the release of our third quarter 2020 results in November,” Telus said in a news release. Cut The Crap Investing. Telus intends to spend slightly less on capital expenditures next year, releasing guidance of $2.85 billion in 2018 down from an anticipated $3.0 billion this year and $2.968 billion in 2016. Besides, Telus has rewarded its shareholders by raising its dividends for 10 consecutive years. It is a more pure play on … In other … He added that the company hopes to provide revised guidance about its 2020 financial prospects after a board meeting in late July. Try refreshing your browser, or tap here to see other videos from our team. Earlier Thursday, Telus said it would maintain its quarterly dividend at 29.125 cents per share. Looking ahead, despite management’s optimistic dividend growth guidance of 7% to 10% per year through 2019, Telus’ dividend payout ratio has grown large enough (70% over the last year) that management can’t count on payout ratio expansion to grow the dividend faster than earnings, as they have in the past. Telus Corp and BCE Inc. both pulled their financial guidance Thursday morning, as the two telecom giants reported first-quarter earnings in the midst of the COVID-19 global pandemic. BCE and Telus were included on a second, shorter list of companies that declined to disclose the full value of the government payment they had received. It is a solid telco with a tech twist. … Telus Corp. said it won’t update its guidance until summer, when it releases second quarter earnings. “Telus has now returned more than $17 billion to shareholders, including over $12 billion in dividends, representing approximately $29 per share since 2004,” Darren Entwistle, President and CEO, said in statement. It also raised its dividends for 2021 by 10.5% to $1.88, marking the 21st consecutive year of a dividend hike. Any of the big 3 telecoms including Telus, Bell, or Rogers Communications (TSE:RCI.B) are all still good Canadian companies. TELUS Dividend: 0.3112 for March 10, 2021. TELUS has a considerable moat and has proven to be a consistent and reliable performer. They’ve been providing this sort of guidance since 2011 and it provides great confidence as an investor. It’s also committed to growing its dividend over time and remains on track to do so for the next five years according to guidance. … Telus held their dividend steady at $0.29125 per share. Telus used to be a regional telecom player, but in 2000 it acquired Clearnet Communications for $6.6 billion. Both … Telus stock has become a top stock to own in this coronavirus crisis and its … A 9.8% increase in the Company's common share dividend to $0.81 /quarter ($3.24 annually), effective March 1, 2020. Despite this, Telus decided to delay the scheduled dividend increase. Start your Free Trial. Historical Dividend Data.
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