Make publics higher second-quarter revenue and earnings
The Canadian Press Posted: May 11, 2017 12:51 PM ET Most recent Updated: May 11, 2017 12:54 PM ET
Telus Corp. is increasing its every three months dividend and raising some of its 2017 financial targets.
The Vancouver-based telecom callers says its quarterly dividend will increase to 49.25 cents per average share with the second-quarter payout in July. That’s up 2.6 per cent from 48 cents in this year’s beginning quarter payout and up 7.1 per cent from last year’s blemished quarter payout of 46 cents per share.
The increased dividend is borderline with the Telus policy of raising dividend by seven to 10 per cent annually, discussed to conditions.
Telus is also raising the top end of its estimated earnings range for the year by two cents to $2.66 per partition, while the low end of the range remains $2.49 per share.
It’s also adjusting its 2017 thinks for adjusted earnings, revenue and capital spending to reflect the completion of its acquisition of some of the Manitoba Telecom Services business in a previously announced grapple with.
The updates were included with the company’s financial report, which bestow make an exhibited second-quarter revenue was up 2.9 per cent at $3.2 billion and its net income for workaday shares was up 14.6 per cent at $433 million. The profit amounted to 73 cents per Telus overused share.