Earn dependable income with Telus

Article Excerpt

We made Telus your #1 Income Buy for 2025 due to its long history of rising dividend payments. In fact, it has increased the payment twice a year since 2011. We expect the company will continue to reward shareholders as it has now completed a major upgrade of its 5G cellular and fibre-optic networks. It’s also taking steps to cut its debt, which will free up even more cash for dividends. Note—the company spun off Telus International in 2021. The now-independent firm has struggled, but its plan to incorporate AI tools is helping to attract more clients. That bodes well for Telus International’s long-term prospects. More on that below. TELUS CORP. $20 is your #1 Income Buy for 2025. The company (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.5 billion; Market cap: $30.0 billion; Price-to-sales ratio: 1.5; Dividend yield: 8.0%; TSINetwork Rating: Above Average; www.telus.com) is Canada’s largest wireless carrier. As of December 31, 2024, it had 13.88 million subscribers…