Telus Tells Investors to Expect $0.34 Dividend
Continuing with its practice of raising its dividend payment every year, Canadian telecom Telus announced today its second-quarter dividend of $0.34 Canadian per share. Last quarter the payout was $0.32 Canadian per share. That's a 6.25% increase.
In May 2011, Telus announced plans to continue with two dividend increases per year to 2013 and expected the increases to be in the range of 10% annually. The board of directors said the new quarterly dividend is payable on July 2 to the holders of record at the close of business on June 10.
Telus has paid a dividend every quarter since 1999 and has regularly increased the payout since 2004. The regular dividend payment equates to a $1.36-per-share annual dividend yielding 3.7% based on the closing price of Telus's stock on May 8.
The article Telus Tells Investors to Expect $0.34 Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.