Topic: How To Invest

TELUS $69.31 – Toronto symbol T

TELUS $69.31 (Toronto symbol T; Shares outstanding: 326.0 million; Market cap: $22.6 billion; TSINetwork Rating: Above Average; Dividend yield: 3.7%; www.telus.com) will split its common shares on a 2-for-1 basis on April 16, 2013. Following the split, the company will have roughly 653.6 million common shares outstanding.

The split will make Telus’s shares more liquid. The lower trading price could also entice more investors to buy the stock.

Even without the positive impact that usually accompanies stock splits, Telus’s outlook remains bright. Demand for wireless services should continue to rise, particularly as more users upgrade from cellphones to smartphones. As well, Telus’s new Internet television service, Optik TV, is helping it compete with cable companies.

Telus is a buy.

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