TELUS Sets New Free Cash Flow Growth Target of 10% Through 2028

TELUS Corporation has updated its mid-term outlook, targeting 10% annual free cash flow growth through 2028. The company expects to generate $2.15 billion in free cash flow in 2025 and aims for a minimum compounded annual growth rate of 10% from 2026 to 2028. TELUS will pause dividend growth and maintain the quarterly dividend at $0.4184 per share. The net debt-to-EBITDA leverage ratio is expected to decline to around 3.0 times by the end of 2027.