Telus is a telecommunications company that provides a range of services. They offer wireless data and voice plans for mobile phones and other wireless products and services for customers across Canada.
Based on the yield, affordability, and quality of the stock, Telus has quickly become a favorite among dividend growth stocks. The dividend yield is 4.73% or $1.2648 per share annually, paid quarterly.
At a valuation of 29 times earnings, Telus looks like one of the great stocks to invest and hold for the long term. Because of the low price and high yield, it’s an excellent stock for DRIP (dividend reinvestment plan).