TELUS Corporation (TU) is recognized as one of the 11 Best Canadian Dividend Stocks to Buy Now. The company is a major player in the Canadian telecom industry, serving over 9 million mobile users and offering a range of services from wireless to fiber optic connections for improved customer experience.

In the first quarter of 2025, TELUS Corporation (TU) reported a 22% increase in consolidated free cash flow and a 13% rise in operating cash flow compared to the previous year. With a strong outlook for growth, the company plans to continue its dividend growth program with annual increases projected between 3% and 8% from 2026 to 2028.

TELUS Corporation (TU) has a solid track record of dividend increases since 2004, returning around $28 billion to shareholders. Currently, the company offers a quarterly dividend of C$0.4163 per share with a dividend yield of 7.44% as of July 15. Investors may find TU to be a reliable dividend stock option.

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Read more at Yahoo Finance: A Top Canadian Telecom Stock with Growing Dividend Potential