TELUS Stock (TSX: T, NYSE: TU) Freezes Dividend Growth and Targets 10% Free Cash Flow Gains Through 2028
TELUS Corporation has just made one of its most consequential capital‑allocation shifts in years. On December 3, 2025, the Canadian telecom announced it is pausing dividend growth, laying out a three‑year free cash flow (FCF) growth target, and phasing out its discounted dividend reinvestment plan (DRIP) – all while its stock trades near the bottom of its 52‑week range with a yield around 9%.Barchart.com+2Telus+2 This move is designed to prioritize deleveraging and cash generation over dividend increases, and it is already reshaping how analysts and income investors view TELUS stock. Key Takeaways on TELUS Stock Today TELUS Stock Price and