Post by
Red_Deer on May 09, 2024 1:12pm
,,,,,,,,,,,,,,,,,,,,,,,In a NUT SHELL...................
CEO Will BE Taking ALL His COMPENSATION in Telus Shares__AND the CONSTANT
Dividend Increases__Makes THIS One of the BEST Buy & Holders on the Market eh !!!!
""Today, we are announcing a seven per cent dividend increase, reflecting our unwavering commitment to delivering superior value to our shareholders. Furthermore, it builds on our consistent track record of delivering on our multi-year dividend growth program established in 2011, and most recently extended through 2025, targeting annual growth in the range of seven to 10 per cent. Today's increase represents our 26th over the last 14 years and reflects our unwavering confidence in delivering leading operational and financial results on a sustained basis. Importantly, our strong outlook includes our expectations for continued free cash flow expansion in the years ahead, driven by ongoing strong EBITDA growth and moderating capital expenditure intensity, further supporting the long-term sustainability and quality of our dividend growth program.""
Comment by
SamV21 on May 10, 2024 12:34am
CEO only takes just over 7% in a wage now , so it is hard to say if this means anything except stock dilution , nothing says he just can not sell those shares after recieved plus he will get paid the over 6.5% dividend on top of the shares if he holds them .Doesn't mean much except self promotion and puts more money in his pocket .
Comment by
SamV21 on May 10, 2024 10:09am
Most Ceos take their compensation in shares ,do some research , he can buy and sell those shares like anyone else, no where does it say he will or has to hold any of them ? , he can sell at the top and buy back in or NOT, and its only around a 7% change from what is happening now .How many shares does he hold now ? Tell us Red Deer .
Comment by
corvette67 on May 10, 2024 11:33am
In any event, dramatically overpaid. Stock is close to the year low.Even before the earnings, Zach's had this as a sell. Should have paid attention. My bad! GLTA
Comment by
SamV21 on May 10, 2024 1:18pm
Yes that stock is down 64% year over year , but yes according to your math it is better to loose 64% on an investment in one year , hold it and collect a 7% dividend and break even in 9 years , should have bought Loblaws instead, it tripled in the last year . lol