Market dataIncome framework read
Dividend CompanyTSXCanada

T.TO

TELUS

Communication ServicesPlain dividendQuarterly

Market Snapshot

$16.30

+$0.23 (1.43%)

Toronto

Yield

10.27%

Rate $1.67

Next Payment

Next pay in 9 days

Ex-date 2026-06-10

52wk Position

3.51%

-29.68% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Provider reported

High yield deserves extra verification

T.TO shows a provider yield of 10.27%. That can be useful for income planning, but high yield should be checked against payout history and structure.

2

DRIP defense

Editorial framework

Fortress at the default 100-share test

T.TO prints 2.56 shares per payment at default inputs. The defended price ceiling is $41.75.

3

Main watch item

Provider reported

Price sits close to its 52-week low

T.TO is 1.56% above its provider-reported 52-week low. Check whether the lower price reflects structure risk, payout concern, or broad market weakness.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Fortress
Cash
$41.75
APR
2.561
Coverage
2.561

Fortress level. Selectively used for highest-priority rungs.

Price Creep

Defended price ceiling

Max defended
$41.75
Cushion
$25.45
Cushion %
156.13%
Current $16.30Break $41.75

Smart Recommendation

T.TO is inside the defended DRIP zone at these inputs; monitor price creep before adding new capital.

Research Signals

Payout sustainability

Moderate

1mo ago

DRIP availability

Available

1mo ago

Tax character

Eligible dividend

1mo ago

Distribution history

Multi-decade

1mo ago

Structure complexity

Simple

1mo ago

Income trend

Growing

1mo ago

Account suitability

Non-reg: eligible div

1mo ago

Structure Overview

TELUS Corporation (T) is one of Canada's three major wireless carriers, also operating in healthcare data and technology (TELUS Health and TELUS International). TELUS targets annual dividend growth of 7–10% and has raised its dividend consistently for over a decade. Capital-intensive 5G and fibre network investments increase debt but support long-term cash flow capacity.

Canadian Planning Notes

  • 1TELUS's dividend growth guidance is among the highest of the Canadian telecom sector; verify whether the payout ratio and free cash flow support this guidance at the current investment cycle stage.
  • 2Eligible dividends qualify for the tax credit; DRIP is available through major Canadian brokers.
  • 3TELUS International (TIXT) partial ownership introduces digital services exposure; monitor how the parent company manages this stake relative to dividend capacity.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$16.30

Previous close

$16.07

Day range

$16.05 - $16.39

52wk range

$16.05 - $23.18

Market cap

25.4B

Volume

6.9M

Avg volume

7.5M

Exchange

Toronto

Dividend and distribution

Forward rate

$1.67

Trailing rate

$1.67

Forward yield

10.27%

Trailing yield

10.39%

Per payment

$0.42

Cadence

Quarterly

Next ex-date

Jun 10, 2026

Next pay

Jul 2, 2026

Last dividend

$0.42

Last dividend date

Jun 10, 2026

Performance

Daily change

$0.23

Daily change %

1.43%

52wk position

3.51%

Below 52wk high

-29.68%

Above 52wk low

1.56%

Open

$16.06

Earnings and financials

Trailing EPS

0.6

Forward EPS

0.99

Revenue

20.3B

Revenue growth

-0.60%

Profit margin

4.57%

Operating margin

14.03%

Payout ratio

N/A

Free cash flow

2.4B

Total cash

1.3B

ROE

3.74%

ROA

3.30%

Debt/equity

190.14

Beta

0.73

Valuation

Trailing P/E

27.17

Forward P/E

16.4

Price/sales

1.25

Price/book

1.64

Enterprise value

56.3B

EV/EBITDA

10.88

Analyst facts

Target mean

$20.28

Target high

$30.00

Target low

$16.75

Recommendation mean

N/A

Recommendation key

none

Analysts

17

Canadian Context

Account placement

Non-registered

Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.

TFSA: Tax-free growth and withdrawals.

RRSP: Tax-deferred growth, with withdrawals taxed as regular income.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.