TELUS yield hits 11.6% with payout eyed ahead of CEO change
TELUS Corporation opened Friday trading with the stock mostly reacting to its dividend, not this week’s CEO news. TSX shares ended July 2 at C$14.46, a 3.6% slide. The quarterly payout is C$0.4184, putting the yield around 11.6% at that price. With a telecom yield over 11%, questions on cash flow are front and center.