Thursday, February 12, 2015

Recent Buy - TELUS Corporation (NYSE:TU, TSE:T)

February 9, 2015 I made two acquisitions. In addition to the purchase of JNJ, I also bought 50 shares of TU at $33.90 per share plus commission.

TELUS Corporation provides a range of telecommunications services and products in Canada. The company operates through two segments, Wireless and Wireline. Its telecommunications services and products include wireless and wireline voice and data; data services, such as Internet protocol; television; hosting, managed information technology, and cloud-based services; and healthcare solutions. The company also offers cellular and other wireless services, as well as sells wireless handsets, parts and accessories, and communications equipment. In addition, it holds radio communication spectrum licenses for various wireless services and applications; and operates a video-on-demand programming service. As of May 6, 2014, TELUS Corporation had approximately 13.3 million customer connections, including 7.8 million wireless subscribers, 3.3 million wireline network access lines, 1.4 million Internet subscribers, and 815,000 TELUS TV customers. The company was formerly known as TELUS Communications Inc. and changed its name to TELUS Corporation in February 2005. TELUS Corporation was founded in 1993 and is based in Vancouver, Canada. (Yahoo Finance)

TU is a Dividend Challenger with an 5 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 6.5, 7.7, 11.1 and 16.4. (DividendChampions.xlsTELUS Corporation now pays dividends of CA$0.40 per share in January, April, July and October.

Data Source:

TU's earnings per share has moved moderately upward except a small dip in 2009. After that EPS has continued to grow fine again.

Some ratings for TU:

    Yahoo:  Mean Recommendation 2.7, 1y Target Est $45.39
    Reuters: Mean Rating 2.67
    Morningstar:  (***)

At today's exchange rate, this purchase 50 shares of TU will increase €41.82 ($47.30) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to €9110.00. With purchase price $33.90 plus commission ($5.00) my starting yield on cost is 3.72%.

Click here to see my portfolio.

Full Disclosure: Long TU


  1. You sure are loading up on some great Canadian companies. TU is a great company and the balance sheets are great, as Im sure you've come to conclude warranting the investment.

    Congrats on adding more dividends to your income stream.

    Best wishes

  2. Good Buy Divdend Hawk.
    For Canada, it's my favorite telecom stock as I have 251 shares. :) I would like to own 1000 shares of this 1 day as I believe out of the big 3 telecoms ( Rogers / BCE / Telus ) Telus is the most favored. I live 30 minutes away from the Burnaby Telus headquarters in BC and it's been around for ages. They use to be called BC Tel. Anyways keep up the great work and take care.

  3. Two good buys! I have a preference for BCE over Telus, but still a solid one. JNJ... dear JNJ! ;-)

  4. DH,
    Excellent, another $47.30 added to your forward income! I love the graph where the EPS and dividends goes higher, as a DGinvestor, thats the first thing I look out for together with the payout ratio. Thanks for sharing!