TELUS Dividends and Buybacks
Dividend criteria checks 4/6
TELUS is a dividend paying company with a current yield of 13.15%. Next payment date is on 1st October, 2026 with an ex-dividend date of 10th September, 2026.
Key information
13.1%
Dividend yield
0.2%
Buyback Yield
| Total Shareholder Yield | 13.3% |
| Future Dividend Yield | 5.9% |
| Dividend Growth | 6.5% |
| Next dividend pay date | 01 Oct 26 |
| Ex dividend date | 10 Sep 26 |
| Dividend per share | n/a |
| Payout ratio | -283% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Sep 03
T: Fibre Expansion And Content Safety Initiatives Will Support Future Upside
Analysts have reduced their price target on TELUS from CA$26.29 to CA$17.00, citing updated assumptions for revenue growth, profit margins and future P/E that they view as better reflecting current conditions for the business. What’s in the News for TELUS TELUS was removed from the S&P/TSX Canadian Dividend Aristocrats Index, which may affect how some dividend focused investors view the stock.
Narrative Update • Aug 18
T: Dividend Reset And Writedown Will Drive Weaker Future Return Potential
Analysts have reduced their fair value estimate for TELUS from CA$15.50 to CA$11.50, citing a softer revenue growth outlook, a modestly higher discount rate, and a lower assumed future P/E multiple, partly offset by slightly stronger long term profit margin expectations. What's in the News for TELUS TELUS cut its quarterly dividend by 55% to CA$0.1875 per share, or CA$0.75 on an annualized basis, with the board declaring this payout for October 1, 2026, to holders of record on September 10, 2026.
Narrative Update • Aug 04
T: Deleveraging Plan And Dividend Reset Will Support Future Upside Potential
Analysts have trimmed their TELUS price target from CA$20.28 to CA$16.50 as they factor in more subdued revenue growth expectations, slightly lower profit margins and a modestly higher discount rate, while keeping future P/E assumptions broadly similar. What's in the News for TELUS Telus reported a Q2 2026 loss of $1.8b and a 27% decline in adjusted earnings, and cut its quarterly dividend by 55% to $0.1875 per share to support debt reduction and a revised growth plan.Narrative Update • Jul 21
T: Dividend Strains And AI Expansion Will Shape Future Returns And Risks
Analysts have reduced their TELUS price target from CA$17.00 to CA$15.50 as they incorporate updated assumptions regarding revenue growth, profit margins, the discount rate, and future P/E expectations. What’s in the News for TELUS Dividend sustainability is under scrutiny as TELUS pays out cash close to the upper end of its long term payout targets, with dividend growth paused while management focuses on debt reduction and faces competitive pricing pressures and middling or declining earnings growth.Narrative Update • Jul 07
T: Rural Fibre Expansion And AI Networking Will Support Future Upside
Analysts have trimmed their fair value estimate for TELUS to about CA$26.29 from roughly CA$28.36, reflecting a slightly higher discount rate, a modestly adjusted revenue growth outlook, a lower projected profit margin, and a marginally higher future P/E assumption. What’s in the News for TELUS Canada Infrastructure Bank agreed to lend $49.3 million to TELUS to support a $379 million broadband build out in British Columbia, extending fibre to about 17,000 rural and Indigenous households, including roughly 380 Indigenous households.Narrative Update • Jun 23
T: AI Infrastructure Expansion And Ontario Investment Will Support Future Upside Potential
Analysts have maintained their CA$20.28 price target on TELUS. The slight adjustment in discount rate and future P/E assumptions reflects updated views on the company's risk profile and valuation inputs, rather than a change in overall fair value.Analysis Article • Jun 19
TELUS (TSX:T) Stock Could Be 19.5% Undervalued After Its Arrcus AI Network Push
Interest in TELUS (TSX:T) stock has picked up after the company began working with Arrcus on a proof of concept for an AI policy aware networking fabric targeting secure, sovereign inferencing across Canada. See our latest analysis for TELUS. Despite the AI networking proof of concept and recent Optik TV expansions in Quebec and Ontario, TELUS’s share price has been under pressure. The 90 day share price return has declined 9.53%, and the 1 year total shareholder return has fallen 18.38%...Narrative Update • Jun 05
T: AI Safety Investments And Infrastructure Expansion Will Support Future Upside Potential
Analysts now see TELUS's fair value at about CA$20.28, slightly below the previous CA$20.65. The new estimate reflects updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations.Narrative Update • May 09
T: New Spectrum And AI Alliances Will Drive Future Upside Potential
Analysts have modestly adjusted their CA$ fair value estimate for TELUS to CA$20.65 from CA$20.59, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. What's in the News CEO transition set for 2026, with long-serving CEO Darren Entwistle retiring on June 30, 2026, and Victor Dodig, currently an independent director and former CIBC CEO, appointed CEO Designate and scheduled to take over on July 1, 2026 (Executive Changes).Narrative Update • Apr 22
T: Space Connectivity And 5G Spectrum Expansion Will Drive Future Upside Potential
Analysts now set a slightly lower TELUS price target of CA$20.59, down from CA$21.00, citing modest adjustments to fair value assumptions, discount rate, revenue growth, profit margin, and future P/E estimates. What's in the News CEO transition planned, with long-time Chief Executive Darren Entwistle set to retire on June 30, 2026, and Board member Victor Dodig, former CIBC President and CEO, appointed CEO Designate and scheduled to assume the role on July 1, 2026, following a multiyear succession process (Executive changes).Narrative Update • Apr 08
T: Quantum And Space Connectivity Will Drive Future Upside Potential
Analysts now set their average TELUS price target at roughly CA$21.00, slightly below the prior fair value estimate of about CA$21.38. This reflects updated views on discount rate, revenue growth, profit margins and future P/E assumptions.Narrative Update • Mar 24
T: Quantum And Space Connectivity Will Drive Future Upside Potential
Analysts now set TELUS's fair value estimate at CA$21.38, compared with CA$21.26 previously, reflecting updated assumptions for the discount rate, modest revenue growth, profit margin and future P/E levels. What's in the News TELUS launched the SmartHome Assistant, described as the world's first smart home AI assistant with Generative UI, designed to unify more than 2,000 device models into a single interface for SmartHome+ customers across Canada (Product-Related Announcements).Narrative Update • Mar 09
T: Quantum Networking And Space Connectivity Will Support Future Upside Potential
Analysts have slightly reduced their fair value estimate for TELUS, with the implied price target moving from about CA$21.44 to roughly CA$21.26 as they refresh their assumptions on discount rates, long term revenue growth, profit margins, and forward P/E expectations. What's in the News TELUS plans to partner with AST SpaceMobile to offer space based cellular broadband across remote parts of Canada.Narrative Update • Feb 22
T: Share Buybacks And Quantum Secure Networking Will Support Future Upside Potential
Analysts have trimmed their TELUS price target slightly from CA$21.71 to CA$21.44. This reflects updated views that combine more cautious revenue growth expectations with a stronger profit margin profile and a lower assumed future P/E multiple.Narrative Update • Feb 08
T: Share Buybacks And Quantum Safe Security Will Support Future Upside Potential
Analysts have kept their fair value estimate for TELUS steady at $21.71, with only minor tweaks to inputs such as the discount rate, revenue growth, profit margin, and future P/E that reflect modest refinements to their models rather than a change in overall view. What's in the News TELUS launched a share repurchase program authorizing the purchase of up to 28,000,000 shares, or 1.81% of shares outstanding, for a total of $500 million.Narrative Update • Jan 24
T: Quantum-Safe Security And Share Buybacks Will Support Future Upside Potential
Analysts have slightly trimmed their TELUS fair value estimate from $22.00 to about $21.71, reflecting modest tweaks to discount rate assumptions, revenue growth expectations, profit margin outlook, and future P/E inputs. What's in the News kini mobile partnered with TELUS to launch Made for Pinoys 5G prepaid plans, offering Filipino-Canadians one plan with both Philippine and Canadian numbers, international calling and texting, GCash cashbacks, and Pinoy customer support on TELUS' 5G network.Narrative Update • Jan 10
T: Quantum-Safe Network Rollout And Buybacks Will Support Future Upside Potential
Analysts have trimmed their fair value estimate for TELUS slightly from about $22.21 to $22.00. This reflects small adjustments to assumptions on discount rate, revenue growth, profit margins and future P/E multiples.Narrative Update • Dec 18
T: Quantum-Safe Network And AI Infrastructure Will Drive Future Upside Potential
Analysts have modestly reduced their price target on TELUS, trimming fair value by about $0.86 per share as slightly higher discount rates and marginally softer long term growth and margin assumptions temper the company’s forward valuation multiple. What's in the News The board has authorized a new normal course issuer bid allowing TELUS to repurchase up to 28 million shares (about 1.81% of shares outstanding) for approximately CAD 500 million by December 16, 2026, with all repurchased shares to be cancelled (share repurchase program).Narrative Update • Dec 04
T: Quantum-Safe Network And AI Infrastructure Will Support Long-Term Opportunity
Analysts have modestly raised their price target on TELUS to approximately $23.06 from $22.97, reflecting slightly improved profit margin expectations that more than offset a small reduction in long term revenue growth assumptions. What's in the News TELUS launched a Quantum Safe VPN service using post quantum cryptography to protect government and business clients against future quantum enabled cyber threats, integrated with its Managed Next Generation Firewall platform (Product Related Announcements).Narrative Update • Nov 20
T: Rising Discount Rate Will Drive Long-Term Opportunity With New Developments
Analyst Price Target for TELUS Adjusted Slightly Lower Analysts have revised their fair value estimate for TELUS, reducing the price target from $23.38 to $22.97. This change is due to updated assumptions regarding discount rates and future profitability.Analysis Article • Nov 10
TELUS (TSE:T) Is Paying Out A Larger Dividend Than Last Year
TELUS Corporation ( TSE:T ) has announced that it will be increasing its dividend from last year's comparable payment...Stability and Growth of Payments
Fetching dividends data
Stable Dividend: T's dividends per share have been stable in the past 10 years.
Growing Dividend: T's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| TELUS Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (T) | 13.1% |
| Market Bottom 25% (CA) | 1.5% |
| Market Top 25% (CA) | 5.8% |
| Industry Average (Telecom) | 7.2% |
| Analyst forecast (T) (up to 3 years) | 5.9% |
Notable Dividend: T's dividend (13.15%) is higher than the bottom 25% of dividend payers in the Canadian market (1.52%).
High Dividend: T's dividend (13.15%) is in the top 25% of dividend payers in the Canadian market (5.81%)
Earnings Payout to Shareholders
Earnings Coverage: T is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (131.3%), T's dividend payments are not well covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/14 23:30 |
| End of Day Share Price | 2026/09/14 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TELUS Corporation is covered by 33 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Amman Saeed | Accountability Research Corporation |
| David McFadgen | ATB Cormark |
| Phillip Huang | Barclays |