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TELUS About

Dividend information

Dividend policy and dividend growth program

In May 2022, we announced our intention to target ongoing semi-annual dividend increases, with the annual increase in the range of 7 to 10% from 2023 through to the end of 2025. This announcement further extends our dividend program originally announced in May 2011 and extended for 3 additional years in each of May 2013, May 2016 and May 2019. Our long-term Common Share dividend payout ratio guideline is 60 to 75% of free cash flow on a prospective basis. Notwithstanding this target, dividend decisions will continue to be subject to our Board’s assessment and the determination of our financial situation and outlook on a quarterly basis. There can be no assurance that we will maintain a dividend growth program through 2025. In November 2022, the TELUS Board of Directors declared a quarterly dividend of $0.3511 per share, payable on January 3, 2023, to shareholders of record at the close of business on December 9, 2022.

Two-for-one share-split – March 2020

On February 13, 2020, TELUS announced that its Board of Directors approved a two-for-one share split of the Company's outstanding common shares. On March 17, 2020, TELUS shareholders received one additional common share for each common share owned on the record date of March 13, 2020. Dividend information presented on this page reflects the share split unless otherwise noted.

Recent dividend history

Record date

Payment date

Amount

Q4-22
December 9, 2022
January 3, 2023
$0.3511
Q3-22
September 9, 2022
October 3, 2022
$0.3386
Q2-22
June 10, 2022
July 4, 2022
$0.3386
Q1-22
March 11, 2022
April 1, 2022
$0.3274
Q4-21
December 10, 2021
January 4, 2022
$0.3274
Q3-21
September 10, 2021
October 1, 2021
$0.3162

Eligible dividends

TELUS Corporation advises that unless stated, all quarterly dividends paid since January 2006 are "eligible dividends" as defined by subsection 89(1) of the Income Tax Act. Under this legislation individuals resident in Canada may be entitled to enhanced dividend tax credits that reduce the income tax otherwise payable. Dividends paid on April 1, 2007 included a portion “not eligible”.

Please contact Investor Relations for further details (ir@telus.com).

Dividend reinvestment and share purchase plan

Investors may take advantage of the automatic dividend reinvestment and share purchase plan to acquire additional common shares without fees. Under this plan, eligible shareholders can have their dividends reinvested automatically into additional shares. We also offer a share purchase feature, under which eligible shareholders can, on a monthly basis, buy TELUS shares (maximum $20,000 per calendar year and minimum $100 per transaction) without brokerage commissions or service charges.

Dividend history*

*Dividend payments prior to the July 2, 2020 dividend payment adjusted for two-for-one share split effective March 17, 2020 and the two-for-one share split effective April 16, 2013.

Record date

Payment date

Amount

Q4-22
December 9, 2022
January 3, 2023
$0.3511
Q3-22
September 9, 2022
October 3, 2022
$0.3386
Q2-22
June 10, 2022
July 4, 2022
$0.3386
Q1-22
March 11, 2022
April 1, 2022
$0.3274
Q4-21
December 10, 2021
January 4, 2022
$0.3274
Q3-21
September 10, 2021
October 1, 2021
$0.3162
Q2-21
June 10, 2021
July 2, 2021
$0.3162
Q1-21
March 11, 2021
April 21, 2021
$0.3112
Q4-20
December 11, 2020
January 4, 2021
$0.3112
Q3-20
September 10, 2020
October 1, 2020
$0.29125
Q2-20
June 10, 2020
July 2, 2020
$0.29125
Q1-20
March 11, 2020
April 1, 2020
$0.29125
Q4-19
December 11, 2019
January 2, 2020
$0.29125
Q3-19
September 10, 2019
October 1, 2019
$0.28125
Q2-19
June 10, 2019
July 2, 2019
$0.28125
Q1-19
March 11, 2019
April 1, 2019
$0.2725
Q4-18
December 11, 2018
January 2, 2019
$0.2725
Q3-18
September 10, 2018
October 1, 2018
$0.2625
Q2-18
June 8, 2018
July 3, 2018
$0.2625
Q1-18
March 9, 2018
April 2, 2018
$0.2525
Q4-17
December 11, 2017
January 2, 2018
$0.2525
Q3-17
September 8, 2017
October 2, 2017
$0.24625
Q2-17
June 9, 2017
July 4, 2017
$0.24625
Q1-17
March 10, 2017
April 3, 2017
$0.2400
Q4-16
December 9, 2016
January 3, 2017
$0.2400
Q3-16
September 9, 2016
October 3, 2016
$0.2300
Q2-16
June 10, 2016
July 4, 2016
$0.2300
Q1-16
March 11, 2016
April 1, 2016
$0.2200
Q4-15
December 11, 2015
January 4, 2016
$0.2200
Q3-15
September 10, 2015
October 1, 2015
$0.2100
Q2-15
June 10, 2015
July 2, 2015
$0.2100
Q1-15
March 11, 2015
April 1, 2015
$0.2000
Q4-14
December 11, 2014
January 2, 2015
$0.2000
Q3-14
September 10, 2014
October 1, 2014
$0.1900
Q2-14
June 10, 2014
July 2, 2014
$0.1900
Q1-14
March 11, 2014
April 1, 2014
$0.1800
Q4-13
December 11, 2013
January 2, 2014
$0.1800
Q3-13
September 10, 2013
October 1, 2013
$0.1700
Q2-13
June 10, 2013
July 2, 2013
$0.1700
Q1-13
March 11, 2013
April 1, 2013
$0.1600
Q4-12
December 11, 2012
January 2, 2013
$0.1600
Q3-12
September 10, 2012
October 1, 2012
$0.1525
Q2-12
June 8, 2012
July 3, 2012
$0.1525
Q1-12
March 9, 2012
April 2, 2012
$0.1450
Q4-11
December 9, 2011
January 3, 2012
$0.1450
Q3-11
September 9, 2011
October 3, 2011
$0.1375
Q2-11
June 10, 2011
July 4, 2011
$0.1375
Q1-11
March 11, 2011
April 1, 2011
$0.13125
Q4-10
December 10, 2010
January 4, 2011
$0.13125
Q3-10
September 10, 2010
October 1, 2010
$0.1250
Q2-10
June 10, 2010
July 2, 2010
$0.1250
Q1-10
March 11, 2010
April 1, 2010
$0.11875
Q4-09
December 11, 2009
January 4, 2010
$0.11875
Q3-09
September 10, 2009
October 1, 2009
$0.11875
Q2-09
June 10, 2009
July 2, 2009
$0.11875
Q1-09
March 11, 2009
April 1, 2009
$0.11875
Q4-08
December 11, 2008
January 2, 2009
$0.11875
Q3-08
September 10, 2008
October 1, 2008
$0.1125
Q2-08
June 2, 2008
July 1, 2008
$0.1125
Q1-08
March 11, 2008
April 1, 2008
$0.1125
Q4-07
December 11, 2007
January 1, 2008
$0.1125
Q3-07
September 10, 2007
October 1, 2007
$0.09375
Q2-07
June 8, 2007
July 1, 2007
$0.09375
Q1-07
March 09, 2007
April 1, 2007
$0.09375
Q4-06
December 11, 2006
January 1, 2007
$0.09375
Q3-06
September 8, 2006
October 1, 2006
$0.06875
Q2-06
June 09, 2006
July 1, 2006
$0.06875
Q1-06
March 10, 2006
April 1, 2006
$0.06875
Q4-05
December 9, 2005
January 1, 2006
$0.06875
Q3-05
September 9, 2005
October 1, 2005
$0.05
Q2-05
June 10, 2005
July 1, 2005
$0.05
Q1-05
March 11, 2005
April 1, 2005
$0.05
Q4-04
December 10, 2004
January 1, 2005
$0.05
Q3-04
September 10, 2004
October 1, 2004
$0.0375
Q2-04
June 10, 2004
July 1, 2004
$0.0375
Q1-04
March 11, 2004
April 1, 2004
$0.0375
Q4-03
December 11, 2003
January 1, 2004
$0.0375
Q3-03
September 10, 2003
October 1, 2003
$0.0375
Q2-03
June 10, 2003
July 1, 2003
$0.0375
Q1-03
March 11, 2003
April 1, 2003
$0.0375
Q4-02
December 11, 2002
January 1, 2003
$0.0375
Q3-02
September 10, 2002
October 1, 2002
$0.0375
Q2-02
June 10, 2002
July 1, 2002
$0.0375
Q1-02
March 11, 2002
April 1, 2002
$0.0375
Q4-01
December 11, 2001
January 1, 2002
$0.0375
Q3-01
September 10, 2001
October 1, 2001
$0.0875
Q2-01
June 08, 2001
July 1, 2001
$0.0875
Q1-01
March 9, 2001
April 1, 2001
$0.0875
Q4-00
December 11, 2000
January 1, 2001
$0.0875
Q3-00
September 8, 2000
October 1, 2000
$0.0875
Q2-00
June 09, 2000
July 1, 2000
$0.0875
Q1-00
March 10, 2000
April 1, 2000
$0.0875
Q4-99
December 10, 1999
January 1, 2000
$0.0875
Q3-99
September 10, 1999
October 1, 1999
$0.0875
Q2-99
June 10, 1999
July 1, 1999
$0.0875
Q1-99
March 11, 1999
April 1, 1999
$0.0875