Our Top Canadian Stock Pick For Income and Growth

TELUS Corporation (TSX:T) is targeting a 7% to 10% dividend increase this year and next

Capital Ideas Media | June 3, 2022 | SmallCapPower: TELUS Corporation (TSX:T) is one stock we really like, as it is currently yielding 4.3% but also offers good capital appreciation potential.

(Originally published on Capital Ideas Media on February 23, 2021)

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And while TELUS is targeting a 7% to 10% dividend increase this year and next, the Company also recently reported strong Q4 subscriber numbers and completed an initial public offering of TELUS International, which provides digital services to more than 600 companies.

[Editor’s Note: Shares of TELUS Corporation have surged 34% since Capital Ideas wrote about the company 15 months ago.]

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Growth is also expected to come from its TELUS Health and TELUS Agriculture subsidiaries, while the Company’s core wireless, internet and TV businesses should provide it with a steady source of cash flow.

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