Topic: How To Invest

The Successful Investor Hotline – Thursday, April 17, 2025

Article Excerpt

TELUS CORP., $20.76, 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 7.8%. Telus is now building new computer datacentres—one in Kamloops, B.C. and another in Rimouski, Quebec—that will run artificial intelligence (AI) software using advanced chips from Nvidia Corp. (Nasdaq symbol NVDA). Note—Nvidia is a recommendation of Wall Street Stock Forecaster, our newsletter that covers U.S. stocks. The…