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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

Source: Telus Dividend Increase Comes as a Surprise