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Telus raises quarterly dividend as it reports first-quarter profit up from year ago

  • Telus Corp. Reported a first-quarter profit of $321 million and announced an increase in its dividend to 41.63 cents for each share this quarter.
  • The profit increase, compared with $127 million and nine cents per share in early 2024, followed stronger operating revenue and other income.
  • Telus added 218,000 net new customers, lowered its mobile phone churn rate to 1.06%, and saw average revenue per user decline due to lower pricing.
  • CEO Darren Entwistle highlighted the strength of bundled products supported by PureFibre and wireless broadband, attributing loyalty to team dedication and customer service.
  • The quarterly dividend rise and improved profit suggest Telus continues to grow its customer base while adapting to competitive pricing and changing user plans.
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Telus reports Q1 profit up from year ago, raises quarterly dividend

Telus Corp. raised its quarterly dividend as it reported its first-quarter profit rose compared with a year ago. The company says it will pay a quarterly dividend of 41.63 cents per share, up from 40.23 cents per share.

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The Hamilton Spectator broke the news in Hamilton, Canada on Friday, May 9, 2025.
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