$TU

Telus (TSX:T) cut its quarterly dividend by 55% to $0.19 per share, aiming to save $2.7B by 2028 and reduce leverage. Management targets net debt-to-EBITDA of 3x or less by 2028. The company faces challenges like reduced immigration, high capital spending, and competition in a mature market.

RBC Global Asset Management's Scott Lysakowski, overseeing $25.6B, remains optimistic about Canadian equities. His PH&N Dividend Income Fund, with 17.6% YTD returns, added Alimentation Couche-Tard (ATD.TO) and Cenovus Energy (CVE.TO), citing growth prospects, and sold Telus (T.TO) due to free cash flow pressures.

Public Mobile launched Fast Switch, a tool allowing eligible subscribers to migrate to Telus or Koodo postpaid plans. The process transfers phone numbers, payment methods, and account balances automatically. Telus offers faster 5G speeds, discounts, and rewards. Public Mobile is a subsidiary of Telus.

TELUS says it will invest C$10.2 million in Kamloops in 2024, including expansion of its existing data centre. The “Kamloops AI Factory” is expected to start later this year as part of a three-facility B.C. cluster. It will use 85 MW from BC Hydro, scaling to over 150 MW by 2032, and supports AI training and deployment.

TELUS Corp reported Q2 2026 revenue of C$4,929 million and a net loss of C$1,840 million, including C$2,135 million in impairments to goodwill and intangible assets. TELUS cut its quarterly dividend to C$0.1875 per share, a 55% reduction, and said it aims to reduce net debt to adjusted EBITDA to about 3.0x by end-2028.

Telus cut its dividend by 55% on July 31 after new CEO Victor Dodig took over, following pressure from high interest rates, debt costs, mobile price competition, and weaker Telus Digital performance. Telus shares trade near C$13.25, down from about C$34 in 2022. The company reported a C$2.1 billion writedown for Telus Digital in Q2 2026 results.

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 says it is allocating C$2 million for British Columbia wildfire relief, including network connectivity support, free 50GB data and bill credits for evacuated Telus and Koodo postpaid customers, and donations to charities. The company reports over 20,000 evacuees and says technicians are using generators and mobile solutions to maintain service.

TELUS (TSX:T) cut its quarterly dividend to $0.1875 per share from $0.4184 on July 31, setting an annual $0.75 payout. The company said the change should save about $2.7 billion through 2028 for debt reduction and targets 45% to 60% of trailing free cash flow. TELUS shares trade near $13.25, down ~42% from a $23.18 high.

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.