Telus Corporation: High-Yield Dividend and Growth Potential

2 min read | October 22, 2024 05:48 AM AEDT | By Team Kalkine Media

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Telus Corporation (TSX) offers a high dividend yield, providing steady income.

The company is committed to increasing its dividend through 2025, with a potential for more.

Despite recent share price fluctuations, Telus remains a reliable option for dividend-focused strategies.

Telus Corporation (TSX:T) stands out with its high-yield dividend, making it an attractive option for those looking to generate steady income, especially in tax-free accounts like a TFSA. The company’s current dividend yield is notably high, and within a TFSA, these payouts are not subject to tax, allowing for maximum income retention.

Telus (TSX,NYSE), one of Canada’s largest telecom companies, offers a dividend yield that currently exceeds typical industry levels. Over the past several years, while the stock has experienced fluctuations in its value, Telus has consistently increased its dividend. The company’s goal of continuing these increases through 2025 highlights its strong financial foundation and long-term plans.

Although the stock has not shown significant growth in recent years, Telus continues to maintain a solid subscriber base and strong business operations. Its long-term strategy, including plans to increase its dividend semi-annually, further enhances its appeal to those looking for a consistent income stream.

For individuals seeking stable income opportunities, Telus remains a key consideration. The company’s commitment to growth, combined with its reliable dividend payouts, makes it a solid option for those focused on income generation over time.

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