RE:RE:Indicator for T continuing to grow its dividend by 7% per yrThanks for providing the National Bank note.
The expectation of another three year guidance span is just based on the trend of past announcements at T's May AGM's in 2013, 2016, 2019, and 2022.
However, it wouldn't surprise me if they dropped the range of 7%-10% and just provided a target of 7%. While I would be ecstatic if the dividend was raised closer to the upper limit of 10% like in the early 2010's, I don't think it's in the cards during the next couple of years with: lower revenue due to heavy competition, TI/Digital needing to get its act together, and the goal to delever to 2.x by 2026. 7% dividend growth is very realistic though IMO.