Telus Corp T.T

Indicator for T continuing to grow its dividend by 7% per yr

[Milhouse123]

Here'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.

[SleepingGiant64]

This was in a National Bank note this week: " The dividend was raised +3.4% and management made it very clear on its conference call that there was no reason to believe that the annual targeted dividend range of 7%-10% wouldn't continue for three more years starting in 2025 - presumably at lower end of range as has been the case for the past several year" I went through the

[Milhouse123]

Thanks 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