Topic: How To Invest

The Successful Investor Hotline – Friday, March 28, 2025

Article Excerpt

TELUS CORP., $20.44, Toronto symbol T, is your #1 Income Buy for 2025. The company is Canada’s largest wireless carrier with 13.88 million subscribers (including non-cellphone devices such as tablets). It also sells landline phone, Internet and TV services in B.C., Alberta and eastern Quebec. Starting in 2011, Telus began rewarding its shareholders with twice yearly dividend increases. Under the current version of the plan, the company has committed to increasing the annual rate by between 7% and 10% from 2023 through the end of 2025. The most recent increase came with the January 2025 quarterly payment. Investors now receive $0.4023 a share, up 3.4% from $0.3891. The new annual rate of $1.609 a share yields a high 7.9%. Telus is now exploring a plan to unlock the value of its cellphone tower network. That would include selling roughly half of these assets to institutional investors such as pension funds. A sale could raise about $1 billion for Telus, which it would apply to its…