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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): TELUS Corporation (TU) pays a $1.67 annual dividend ($0.42 quarterly), yielding 6.24% at $8.44/share. Next ex-dividend date 2026-09-10. 5 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 6.24%
Annual Dividend: $1.67 per share
Payout Ratio: 283.0% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-09-10
Dividend Frequency: quarterly
Sector: Communication Services
Years of Dividend History: 28
TELUS Corporation dividend income comes from one of Canada's major telecommunications companies, spanning mobile services, internet, TV, and a growing health and digital experience business. The current yield sits at 6.82%, placing TU firmly in high-yield territory. Shareholders received $1.6720 per share in trailing twelve-month dividend payments, paid quarterly, with the next ex-dividend date set for September 10, 2026. A beta of 0.765 means TU stock moves less than the broader market, which suits income-focused investors who prioritize lower price volatility.
TELUS Corporation pays out 283.0% of earnings as dividends, a payout ratio classified as high (above 75%). TU operates across recurring-demand businesses including mobile subscriptions, internet services, and healthcare software through TELUS Health, which provides a base of ongoing revenue. TELUS Corporation dividend safety faces real pressure at this payout level, and any sustained earnings weakness would put the current rate under strain.
TELUS Corporation dividend history shows a CAGR of 5.6% per year from 2011 to 2025. Per-share payments grew from $0.5568 to $1.1868 over that period (2026 data is a partial year and excluded from this calculation). The largest annual increase in the window was 14.2% in 2019, though the history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +4.5% | $1.04 (2022) | $1.19 (2025) |
| 5-Year | +5.8% | $0.89 (2020) | $1.19 (2025) |
| 10-Year | +6.2% | $0.65 (2015) | $1.19 (2025) |
TELUS Corporation fits income-focused investors who want a high current yield from a diversified Canadian telecom with healthcare and digital services exposure. At 6.82%, the yield is classified as high (above 4%), and it sits above TU's own 5-year average of 6.15%, which means buyers today are locking in a yield above recent norms. The trade-off is a 283.0% payout ratio that leaves little room for error. Five consecutive years of dividend increases show a commitment to growth, but the payout level means income comes with real sustainability risk baked in.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-10 | $0.1358 |
| 2026-06-10 | $0.3004 |
| 2026-03-11 | $0.3076 |
| 2025-12-11 | $0.3037 |
| 2025-09-10 | $0.3007 |
| 2025-06-10 | $0.3042 |
| 2025-03-11 | $0.2782 |
| 2024-12-11 | $0.2845 |
| 2024-09-10 | $0.2870 |
| 2024-06-10 | $0.2829 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.7438 |
| 2025 | $1.1868 |
| 2024 | $1.1331 |
| 2023 | $1.0707 |
| 2022 | $1.0389 |
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