TELUS Corporation (TU) has provided an updated mid-term outlook with a new multi-year free cash flow growth target. The company will maintain its quarterly dividend at $0.4184 per share and begin reducing its Discounted Dividend Reinvestment Plan starting in early 2026. TELUS aims to generate $2.15 billion in free cash flow in 2025 and achieve a minimum compounded annual growth rate of 10% from 2026 to 2028. The company plans to reduce its net debt-to-EBITDA leverage ratio to about 3.0 times by the end of 2027. The current 2% discount on DRIP will be phased out by 2028.

Read more at Nasdaq: TELUS Updates Mid-Term Outlook, Targets 10% Annual Free Cash Flow Growth Through 2028