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TELUS Corporation Q1 Profit Down; Sets Dividend - Update

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

TELUS Corporation (TU, T.TO) has declared a quarterly dividend of $0.3891 per share, which is payable on July 2, to shareholders of record as of June 10. This quarterly dividend reflects an increase of 7 percent from $0.3636 per share dividend declared last year.

Q1 Results:

TELUS Corporation released earnings for first quarter that decreased from last year

The company's earnings came in at C$140 million, or C$0.09 per share. This compares with C$224 million, or C$0.15 per share, in last year's first quarter.

Excluding items, TELUS Corporation reported adjusted earnings of C$390 million or C$0.26 per share for the period.

The company's revenue for the quarter fell 0.6% to C$4.932 billion from C$4.964 billion last year.

TELUS Corporation earnings at a glance (GAAP) :

-Earnings (Q1): C$140 Mln. vs. C$224 Mln. last year.
-EPS (Q1): C$0.09 vs. C$0.15 last year.
-Revenue (Q1): C$4.932 Bln vs. C$4.964 Bln last year.

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