Telus Raises Dividend 4.3%; Second Raise this Year
On November 4th, “TELUS announced its twelfth dividend increase in the past six years as part of our multi-year, 10 per cent per annum dividend growth program launched in May 2011.” (telus.com)
Telus has consecutively increased their dividend since the year 2004, representing a 12 year streak. They traditionally increase their dividend twice a year; once in the second quarter and again in the fourth quarter. This company is definitely always working hard to return value to shareholders.
Every time I look at any other Canadian telecom as I’d like to diversify in my exposure to the sector, I simply can’t put my money anywhere else as I find Telus offers the best value.
Dividend Income increased 0.34%
Considering the Dividend Beginner portfolio contains 100 shares of T, my annual income from T has increased by $8.00, from $184.00 to $192.00. My 12-month forward dividend income has increased from $2,315.64 to $2,323.64, an increase of 0.35%. My income from T accounts for 8.25% of my annual dividend income.
While an $8.00 increase in annual dividend income seems quite low, think about how it would require an investment of $170.58, at a yield of 4.59% (IPL’ dividend yield) to generate $8.00 in dividend income. That’s the equivalent of getting one to seventeen hours of your life back, depending on your wage.
|Annual Dividend Income||$2,315.64||$8.00||$2,323.64|
|Monthly Dividend Income||$192.97||$0.67||$193.64|