Telus manager alleged to have charged $1.1M worth of goods to company credit cards: B.C. lawsuit

TELUS (TSX:T; NYSE:TU) shares fell 1.0% to C$13.25, offering a 5.7% dividend yield after a 55% payout cut. The company aims to reduce debt to 3.0x EBITDA by 2028, delayed from 2027, citing competitive pressures. Q2 results showed revenue and EBITDA declines, with free cash flow up 2%. Management targets asset sales and lower capital spending to support deleveraging.

Telus (TSX: T) has underperformed the TSX Composite, which rose 25% in the last year, with its stock down over 40%. The company cut its dividend by 55% and lowered 2026 guidance due to competition and weaker demand. Q2 revenue and EBITDA fell 2% YoY, but cash flow increased. Telus is focusing on debt reduction and asset monetization to improve financial health.

TELUS Corporation (TU) cut its quarterly dividend by 55% to C$0.1875 per share (C$0.75 annualized) to retain cash for deleveraging. TELUS expects about C$2.7 billion in cumulative dividend-related savings through 2028 and lowered its 2026 free cash flow outlook to about C$1.8 billion from C$2.45 billion. Net debt/adjusted EBITDA was 3.5x, with a 3.0x or lower target by end-2028.

Telus (T-T) announced a 55% dividend cut in its Q2 report on July 31, reducing the quarterly payout to $0.1875 ($0.75 annual) from $0.4175 ($1.67 annual). The company expects about C$2.7B cumulative cash savings through 2028 for debt reduction. Shares fell to $13.53 and RBC cut its rating to Sector Perform with a $15 target.

TELUS (TU) reported Q2 2026 results: service revenue C$4.4B (-1% YoY), adjusted EBITDA C$1.8B (-2%), adjusted EPS C$0.16, and free cash flow C$545M (+2%). The company cut its dividend to C$0.1875/share (-55%), targets net debt/EBITDA of 3x by end-2028, and recorded a C$2.1B TELUS Digital impairment. 2026 guidance was revised lower.

TELUS Corporation reported Q2 2026 revenue of C$4,929 million and a net loss of C$1,840 million, driven by C$2.14 billion in impairments, and reset its quarterly dividend to C$0.1875 per share. The company lowered its 2026 service revenue growth outlook to flat to a 2% decline, after a sharp swing from profit to loss.