TELUS Corporation
TUCommunication Services · Stock · quarterly payer
Forward Yield
11.53%
Annual Dividend
$1.18
Payout Ratio
278%
5-Yr Growth
5.5%
Ex-Date
Jun 10, 2026
Frequency
Quarterly
Summary
As of July 2026, TELUS Corporation (TU) yields 11.53% ($1.18 per share annually), with a blended fair-value estimate of $11.36 — +11% upside, so it screens as fairly valued. Dividend safety grade: C (58/100). 10 years of dividend growth.
Is TU a good dividend stock?
Yes, with caveatsTELUS Corporation (TU) pays a quarterly dividend yielding 11.53% ($1.18/yr), with 10 years of growth and a dividend-safety grade of C. 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%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 11.53%
- Payout Ratio
- 278%
- Annual Dividend
- $1.18
- 5-Yr Avg Growth
- 5.5%
- Ex-Dividend Date
- Jun 10, 2026
- Years of Growth
- 10
- Frequency
- quarterly
- Beta
- 0.74
- Market Cap
- $16.0B
- P/E Ratio
- 23.8
- 5-Yr Total Return
- -56%
- 52-Week Range
- $9.95 – $16.72
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
TU Price — Last 12 Months
Daily close
Price Return
1 Year
-38%
3 Years
-42%
5 Years
-56%
52-Week Range
$9.95 – $16.72
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 $11.36 per share, versus a market price of $10.22. That implies the stock is roughly fairly priced.
Fair Value
$11.36
Current Price
$10.22
Gap
+11%
Margin of Safety
10%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 11.0% 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, $1.18 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
Borderline
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 |
|---|---|---|---|
| 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 |
| Sep 8, 2022 | — | $0.2580 | regular |
Income Calculator
At $1.18 / yr per share
