Two of our safety-conscious favourites

Article Excerpt

Here are two of our top safety-conscious recommendations. Both have strong growth ahead. Those bright outlooks are set to spur their share prices and your returns. TELUS, $22.06, is a buy. The company (Toronto symbol T; Shares outstanding: 1.5 billion; Market cap: $33.1 billion; TSINetwork Rating: Above Average; Dividend yield: 7.3%; www.telus.com) has 13.88 million wireless subscribers across Canada. It also sells landline phone, Internet, TV, and security services in B.C., Alberta, and eastern Quebec. In the quarter ended December 31, 2024, Telus added 70,000 new wireless phone subscribers as well as 194,000 users of other devices (net of cancellations). However, due to greater competition, the average monthly cellphone revenue per user declined 3.6% to $58.05. Even so, the company’s revenue in the quarter rose 3.5%, to $5.38 billion from $5.20 billion a year earlier. As well, better productivity lifted earnings before unusual items by 11.4%, to $390 million from $386 million. Due to more shares outstanding, per-share earnings improved 4.2%, to $0.25 from $0.24. That beat the…