Telus Dividend Increase Comes as a Surprise

May. 7.10 | About: TELUS Corporation (TU)

Canadian telecommunications company Telus (NYSE:TU) has increased their dividend by 5.3% to 0.50 per share. This came as a bit of a surprise as the company missed increasing their dividend at the usual time and has been investing heavily in business infrastructure recently. I do DRIP shares of the firm so I welcome the bump. They also beat earnings expectations.

I don't expect much out of my investment in Telus; just consistent but small earnings and dividend increases as more Canadian citizens, employees, and businesses need smart phones, connectivity and other IT systems.

Disclosure: Long Telus