Topic: Dividend Stocks

TELUS CORP. – Toronto symbols T $59 and T.A $58

TELUS CORP. (Toronto symbols T $59 and T.A $58; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 325.0 million; Market cap: $19.2 billion; Price-to-sales ratio: 1.8; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www.telus.com) has won a contract to help more pharmacies in Newfoundland connect to an electronic drug database. Right now, 75 drugstores, which serve 34% of the province’s population, use this service. Accessing patient records electronically helps speed up treatments and reduce errors.

Telus is a buy. The cheaper, non-voting class A shares are the better choice.

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