Recent Purchase: Telus (TSE: T)


On June 5th I purchased 35 shares of Telus in my non-registered taxable account at $42.36, which totals a $1482.60 investment. I already own 35 shares in my TFSA, so I now own a total of 70 shares of Telus, which currently holds a market value of $2973.60 at the current share price of $42.28. Previously, I had paid $42.79 per share, so my average share purchase cost has been reduced to $42.58.

I decided to purchase more shares of Telus because it is my favourite stock to own; up there with Bank of Nova Scotia. Considering the ex-dividend date  is June 8th, I had to purchase more shares by the 5th to receive the upcoming dividend. Their dividend growth program is something I am a huge fan of, and helps display their appreciation to shareholders.

I prefer Telus to Rogers and Bell, and believe it has the best future growth prospects.

With Telus’ annual dividend payout of $1.68, I’ve increased my 12-month forward dividend income by $58.80. I now receive a total of $117.60 per year from T.TO ($29.40 every quarter). 

I am not at all opposed to purchasing more shares in this company after some time. I believe I’ve beefed up my position in Telus enough for now (it is my largest position in any one company), and should diversify a bit more. I’m interested in adding to my position in BNS or opening positions in energy or insurance.

Dividend Beginner

A 22 year old Canadian dividend growth investor striving for early financial independence; building as many passive income streams as early as possible.
May 2015 Dividends
Recent Purchase: Canadian Natural Resources (TSE: CNQ)
  • Awesome Purchase DB. I like the buy. Telus is the best out of the 3 telecoms in Canada for sure. Keep up the hustle my friend and before you know it, BAM!! Glad to share the journey with you. Cheers bud.

    • Hey DH!

      I’m glad we’re in agreement with Telus trumping Rogers and Bell. It’s seeing a bit of a volatility now, but I’m excited to see where it’ll go in a couple years, especially how their dividend growth plan might change. Definitely my favourite stock to be holding right now.

      Thanks for commenting

  • Been eyeing up Telus also for my wife’s TFSA. I really love the TFSA, shame it isn’t the best for US dividend stocks though (could be argued I suppose).

    • Hey Stephen,

      Telus is a pretty solid long-term hold. I love their dividend growth program, allows me to confidently invest. I agree with you there, for US dividend stocks it has to be the RRSP, next best thing would be a non-registered account..

      Best regards

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My publishings on references an opinion and is for information or entertainment purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice. I am not responsible for any decisions you make concerning finances, taxes, or investments. You must perform your own research and always take caution when extending capital.