TELUS Corporation Announces Cash Dividend Notice
TELUS Corporation, based in Vancouver, British Columbia, has released a notice regarding its cash dividend. The Board of Directors has declared a quarterly dividend of $0.3761 Canadian per share on the issued and outstanding Common shares. The dividend will be payable on January 2, 2024, to shareholders of record as of December 11, 2023. The announcement was made by Andrea Wood, Chief Legal and Governance Officer, on November 2, 2023.
Dividend Details
The declared dividend of $0.3761 Canadian per share reflects TELUS Corporation's commitment to providing returns to its shareholders. This dividend is a testament to the company's financial stability and performance. Shareholders of record as of December 11, 2023, will be eligible to receive the dividend payment on January 2, 2024.
Contact Information
For any inquiries regarding the dividend or other investor relations matters, TELUS Corporation has provided contact information for their Investor Relations department. Shareholders and interested parties can reach out to Investor Relations at 1-800-667-4871 or via email at ir@telus.com.
TELUS Corporation's announcement of the cash dividend notice demonstrates their commitment to shareholder value and their ongoing financial success. This dividend serves as a reward for investors and showcases the company's strong financial position.
Implications of TELUS Corporation's Cash Dividend Notice for New Businesses
TELUS Corporation's recent cash dividend notice is a testament to the company's financial stability and commitment to shareholder value. This announcement holds significant implications for new businesses, particularly those seeking to establish a robust financial foundation and foster investor confidence.
The decision to declare a quarterly dividend of $0.3761 Canadian per share is a strategic move that not only rewards current shareholders but also attracts potential investors. This strategy, adopted by a seasoned company like TELUS, underscores the importance of a strong dividend policy in business growth and sustainability.
For new businesses, this move by TELUS provides a valuable lesson in financial management. It emphasizes the need to balance reinvestment for business growth and providing returns to shareholders. It also highlights the importance of maintaining financial stability, as dividends are usually declared from retained earnings, which reflect a company's profitability.
Moreover, TELUS's transparency in providing contact information for their Investor Relations department demonstrates a commitment to open communication with shareholders. This is a best practice that new businesses can adopt to build trust and foster long-term relationships with their investors.
In conclusion, TELUS Corporation's cash dividend notice serves as a roadmap for new businesses aiming to achieve financial stability, shareholder value, and investor confidence.
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