TELUS Corporation
TUCommunication Services · Stock · quarterly payer
Forward Yield
5.66%
Annual Dividend
$0.54
Payout Ratio
278%
5-Yr Growth
5.5%
Ex-Date
Sep 10, 2026
Frequency
Quarterly
Summary
As of September 2026, TELUS Corporation (TU) yields 5.66% ($0.54 per share annually), with a blended fair-value estimate of $8.27 — -14% downside, so it screens as fairly valued. Dividend safety grade: B (67/100). 10 years of dividend growth.
Is TU a good dividend stock?
Yes, with caveatsTELUS Corporation (TU) pays a quarterly dividend yielding 5.66% ($0.54/yr), with 10 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- 10 consecutive years of dividend growth
- Strong 5.5% 5-yr dividend growth
Risks
- Cut its dividend in 2015
- Elevated payout ratio (278%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.66%
- Payout Ratio
- 278%
- Annual Dividend
- $0.54
- 5-Yr Avg Growth
- 5.5%
- Ex-Dividend Date
- Sep 10, 2026
- Years of Growth
- 10
- Frequency
- quarterly
- Beta
- 0.73
- Market Cap
- $14.3B
- P/E Ratio
- —
- 5-Yr Total Return
- -56%
- 52-Week Range
- $9.20 – $16.65
- Dividend Safety
- B · 67/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
TU Price — Last 12 Months
Daily close
Price Return
1 Year
-39%
3 Years
-41%
5 Years
-56%
52-Week Range
$9.20 – $16.65
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TU worth?
Fairly valuedlow confidenceOur blended fair-value estimate for TELUS Corporation is $8.27 per share, versus a market price of $9.67. That implies the stock is roughly fairly priced.
Fair Value
$8.27
Current Price
$9.67
Gap
-14%
Margin of Safety
-17%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 10.8% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, -$0.43 EPS, $0.54 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TU Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 10, 2026 | — | $0.1360 | regular |
| Jun 10, 2026 | — | $0.3000 | regular |
| Mar 11, 2026 | — | $0.3080 | regular |
| Jun 10, 2025 | — | $0.3040 | regular |
| Mar 11, 2025 | — | $0.2790 | regular |
| Dec 11, 2024 | — | $0.2840 | regular |
| Sep 10, 2024 | — | $0.2870 | regular |
| Jun 10, 2024 | — | $0.2830 | regular |
| Mar 8, 2024 | — | $0.2790 | regular |
| Dec 8, 2023 | — | $0.2770 | regular |
| Sep 7, 2023 | — | $0.2670 | regular |
| Jun 8, 2023 | — | $0.2720 | regular |
| Mar 9, 2023 | — | $0.2550 | regular |
| Dec 8, 2022 | — | $0.2570 | regular |
Income Calculator
At $0.54 / yr per share
