SmarterDividends
TU

TELUS Corporation

TU

Communication Services · Telecom Services · Stock · quarterly payer

$8.59

Fairly valued · -3% Add to Portfolio

Forward Yield

6.13%

Annual Dividend

$0.53

Payout Ratio

283%

5-Yr Growth

5.5%

Ex-Date

Sep 10, 2026

Frequency

Quarterly

Key facts about TU's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 28, 2026, TELUS Corporation (TU) has a forward dividend yield of 6.13%, based on an annual dividend of $0.53 per share and a share price of $8.59.
  • As of Oct 28, 2026, TU's dividend safety grade from SmarterDividends is C (56 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, TELUS Corporation (TU) has raised its dividend for 10 consecutive years as of Oct 28, 2026.
  • TU last cut its regular dividend in 2015.
  • TU's most recent ex-dividend date was Sep 10, 2026, for a dividend of $0.14 per share.
  • As of Oct 28, 2026, TU pays out 283% of its trailing 12-month earnings as dividends (its payout ratio).
  • TU's dividend has grown at an average rate of 5.5% a year over the past five years.
  • As of Oct 28, 2026, TU's 6.13% yield is 19% above its five-year average yield of 5.16%.
  • As of Oct 28, 2026, SmarterDividends' blended fair-value estimate for TU is $8.35 per share, 3% below the $8.59 share price, so TU screens as fairly valued.
  • TELUS Corporation (TU) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "TU Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 28, 2026, https://smarterdividends.com/stocks/TU

Summary

As of Oct 28, 2026, TELUS Corporation (TU) yields 6.13% ($0.53 a year per share), has a dividend safety grade of C (56/100) and has 10 consecutive years of dividend increases on record.

Is TU a good dividend stock?

Mixed

TELUS Corporation (TU) pays a quarterly dividend yielding 6.13% ($0.53/yr), with 10 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • 10 consecutive years of dividend growth
  • Strong 5.5% 5-yr dividend growth

Risks

  • Cut its dividend in 2015
  • Elevated payout ratio (283%)
  • Share price is down over the past 5 years

Key Data

Dividend Yield
6.13%
Payout Ratio
283%
Annual Dividend
$0.53
5-Yr Avg Growth
5.5%
Ex-Dividend Date
Sep 10, 2026
Years of Growth
10
Frequency
quarterly
Beta
0.77
Market Cap
$13.5B
P/E Ratio
—
5-Yr Total Return
-61%
52-Week Range
$7.64 – $15.07
Dividend Safety
C · 56/100
Ever Cut?
Yes (2015)

TU dividend changes

TELUS Corporation (TU) pays a variable dividend: across the 100 payments on record since 2000, 54 were higher than the one before and 23 lower. The latest change was down 54.7% to $0.136 per share, going ex-dividend on Sep 10, 2026.

Ex-dateChangeOld → newMove
Sep 10, 2026Lower$0.300 → $0.136−54.7%
Jun 10, 2026Lower$0.308 → $0.300−2.6%
Mar 11, 2026Higher$0.304 → $0.308+1.3%
Jun 10, 2025Higher$0.279 → $0.304+9.0%
Mar 11, 2025Lower$0.284 → $0.279−1.8%
Dec 11, 2024Lower$0.287 → $0.284−1.0%
Sep 10, 2024Higher$0.283 → $0.287+1.4%
Jun 10, 2024Higher$0.279 → $0.283+1.4%
Mar 8, 2024Higher$0.277 → $0.279+0.7%
Dec 8, 2023Higher$0.267 → $0.277+3.7%
Sep 7, 2023Lower$0.272 → $0.267−1.8%
Jun 8, 2023Higher$0.255 → $0.272+6.7%
Every TU payment →Download every raise and cut (CSV)
TU ex-dividend date & scheduleNext ex-date Sep 10, 2026 · full ex-dividend historyView →TU dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is TU a good dividend stock?

Mixed. TELUS Corporation (TU) pays a quarterly dividend yielding 6.13% ($0.53/yr), with 10 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is TU undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TU's fair value is about $8.35 versus a $8.59 share price — so it looks fairly valued (-3% vs. fair value).

Is TU's dividend safe?

TU has a dividend-safety grade of C (56/100), based on its payout coverage, free-cash-flow, 10-year growth streak, a dividend cut in 2015, debt and yield-versus-history.

What is TU's fair value?

Our blended fair-value estimate for TU is about $8.35 per share, about 3% below the current $8.59 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is TU a buy, hold, or sell?

We don't issue formal ratings, but on the data TU screens as "mixed" and fairly valued. TELUS Corporation (TU) pays a quarterly dividend yielding 6.13% ($0.53/yr), with 10 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will TU cut its dividend?

TU earns a dividend-safety grade of C (56/100), and has cut its dividend before (last in 2015). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does TU pay a dividend?

Yes. TELUS Corporation pays a quarterly dividend of about $0.53 per share annually, a forward yield of roughly 6.13%.

What is TU's dividend yield?

As of Oct 28, 2026, TU's forward dividend yield is 6.13%, based on a $0.53 annual dividend and a $8.59 share price.

What is TU's dividend per share?

As of Oct 28, 2026, TU pays $0.53 per share per year, distributed on a quarterly basis.

What is TU's dividend payout ratio?

As of Oct 28, 2026, TU's payout ratio is 283% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has TU grown its dividend?

As of Oct 28, 2026, TU has increased its dividend for 10 consecutive years.

When is the next TU ex-dividend date?

As of Oct 28, 2026, TU's next ex-dividend date hasn't been announced. The most recent was Sep 10, 2026, for $0.14 per share.

TU Dividend News

TU
CutTU·Sep 11, 2026

TELUS (TU) Cuts Dividend 54.7% to $0.136, Ends 10-Year Streak

TELUS (TU) reset its quarterly dividend to $0.136 per share, a 54.7% cut aimed at reducing leverage after weaker results and lower 2026 guidance.

Income Calculator

At $0.53 / yr per share

Per payment (quarterly)$13.25
Annual$53.00
Monthly avg$4.42

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