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TELUS Stock at C$13.25: The New 5.7% Yield Still Faces a 3.5× Debt Test
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TELUS Stock at C$13.25: The New 5.7% Yield Still Faces a 3.5× Debt Test
TELUS shares are offering a much more believable dividend yield after the payout reset, but the stock is still a debt-reduction trade rather than a simple income bargain. Delayed intraday data showed TELUS Corporation (TSX:T; NYSE:TU) at C$13.25 at 12:27 p.m. ET on Tuesday, down 1.0% from Friday’s C$13.39 close and only about 2.3% above…
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