Post by
stockstarker on Jul 18, 2023 2:30pm
On the positive side!!
Telus will be buying back their shares at this price for cancellation. That's a positive for all shareholders. That means less outstanding shares and less dividends being paid. From the last news release most of the operations where showing record numbers. The dividend is not only safe but they will be raising it in the fourth quarter and then the next two years after. I have been a long time investor and these moves up and down have happened the entire time I have owned this company but the direction of the price has always been up. I love this company, one the best moves I have ever made was buying Telus and just holding.
Comment by
ANALOG GUY on Jul 18, 2023 2:45pm
Darren is a HUGE shareholder and I doubt he will cut the dividend. Does he still take his salary in shares?
Comment by
stockstarker on Jul 18, 2023 3:38pm
As far as I know he still does. It was an incredible move on his part. The shares have split 4 for one and he has collected a nice dividend which gets Canadian tax credits at tax time and when he sells any of his shares he will only pay taxes on 50% of the he capital gain. He has made a fortune by taking shares instead of a salary. For the job he has done with Telus he deserves it.