We still like Telus and Telus Intl.

Article Excerpt

Telus is down 11% in the past year. That’s largely due to rising interest rates, which tend to increase costs for utilities and so reduce their appeal with investors—despite their high yields. Lower earnings at Telus’s publicly traded Telus International, which helps businesses manage their call centres and websites, has also weighed on the stock. Regardless, we feel Telus’s long history of rising dividends makes it a strong pick for income-seeking investors. Recent upgrades to its wireless and Internet networks also help it attract new customers. As for Telus International, it should benefit as more of its clients, including Internet search giant Google, seek help launching new artificial intelligence applications. TELUS CORP. $24 is a buy. The company (Toronto symbol T; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 1.4 billion; Market cap: $33.6 billion; Price-to-sales ratio: 1.7; Dividend yield: 6.3%; TSINetwork Rating: Above Average; www.telus.com) is Canada’s largest wireless carrier. As of December 31, 2023, it had 13.20 million subscribers (including cellphones and…