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Data last updated: Aug 18, 2026
Snapshot (as of Aug 18, 2026): TELUS Corporation (T.TO) pays a $1.67 annual dividend ($0.14 monthly), yielding 12.39% at $13.49/share. Next ex-dividend date 2026-09-10. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 12.39%
Annual Dividend: $1.67 per share
Payout Ratio: -170.8%
Ex-Dividend Date: 2026-09-10
Dividend Frequency: monthly
Sector: Communication Services
Years of Dividend History: 32
TELUS Corporation dividend income comes from one of Canada's largest telecommunications companies, spanning mobile services, TELUS Health, and TELUS Digital Experience. The current yield stands at 12.39%, with a trailing annual dividend rate of $1.6715 per share paid monthly. The next ex-dividend date is September 10, 2026. With a beta of 0.733, T.TO stock carries below-market price volatility, which suits income-focused investors who prioritize steadier price behavior over high capital gains.
TELUS Corporation pays out -170.8% of earnings as dividends, a payout ratio classified as conservative (below 40%). That negative figure reflects a period where reported earnings are negative, not an indication of dividend generosity. TELUS Corporation dividend safety is supported by the company's diversified revenue base across recurring telecom subscriptions, healthcare software, and digital customer experience services, all of which generate ongoing demand. The most significant data-supported pressure point is the negative earnings base itself: a payout ratio calculated against negative earnings cannot be used as a conventional coverage measure, which leaves the dividend's sustainability harder to assess from this metric alone.
TELUS Corporation dividend history shows a CAGR of -0.9% per year from 2009 to 2025. Per-share payments moved from $1.9000 at the start of the window to $1.6533 by 2025 (2026 is a partial year, so TELUS Corporation dividend 2026 data is excluded from this calculation). The largest annual increase in the window was 10.7% in 2012, though the window also contains at least one year-over-year decline exceeding 5%. Growth is slow, and over the full period the dividend has actually lost ground in per-share terms.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.8% | $1.36 (2022) | $1.65 (2025) |
| 5-Year | +2.3% | $1.48 (2020) | $1.65 (2025) |
| 10-Year | -0.2% | $1.68 (2015) | $1.65 (2025) |
T.TO stock fits income-focused investors drawn to a high (above 4%) yield from a diversified Canadian telecom with recurring revenue across mobile, health, and digital services. At 12.39%, the current yield sits well above the 5-year average of 10.81%, which means buyers today are locking in an above-average income rate relative to recent history. The four consecutive years of dividend increases show a recent upward direction, but the longer-term CAGR of -0.9% makes clear that per-share income has not grown in real terms over the full window. The trade-off is straightforward: a high monthly income stream paired with flat-to-negative long-run dividend growth.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-10 | $0.1875 |
| 2026-06-10 | $0.4184 |
| 2026-03-11 | $0.4184 |
| 2025-12-11 | $0.4184 |
| 2025-09-10 | $0.4163 |
| 2025-06-10 | $0.4163 |
| 2025-03-11 | $0.4023 |
| 2024-12-11 | $0.4023 |
| 2024-09-10 | $0.3891 |
| 2024-06-10 | $0.3891 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.0243 |
| 2025 | $1.6533 |
| 2024 | $1.5566 |
| 2023 | $1.4544 |
| 2022 | $1.3556 |
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