Indicator for T continuing to grow its dividend by 7% per yrHere's a very good indicator that T will announce during their AGM next May 2025 that they will continue to grow their dividend at 7% for another 3 years segment:
Q3 earnings call 40m50s mark
Question from Vince Valentini of TD Securities: "Given everything you just said there Darren, can I wrap that up with one final point? If you have so much opportunity in front of you and you're getting capex down to 10%, is there any reason you shouldn't keep growing your dividend 7%? I mean you grew it 7% for years when you were spending a lot more capex than that and had to borrow a bit. So if you could level set us on that final piece of the puzzle you said.
Answer from Darren Entwistle, Telus CEO: "So direct answer to your question Vince, no reason."
For a retiree, that's so compelling from a retirement income generation perspective when T is yielding 7% and is very likely going to grow its dividend by 7% annually, especially when viewed from the 4% SWR rule of thumb.