TELUS Increases Dividend Amid CAD 285M Goodwill Impairment and Declines in Net Income

TELUS announced a 7% increase in its quarterly dividend and a CAD 285 million goodwill impairment, coinciding with a decline in net income to CAD 7 million. Despite positive revenue growth, the company's share price has moved 7.72% in the last quarter, influenced by external market pressures and mixed company news. TELUS has achieved a total return of 22.52% over the past five years, indicating a stable growth trajectory, but the current share price at CA$22.32 suggests limited upside potential in the near term.

TELUS Corporation (TSX: T) has announced a 7% increase in its quarterly dividend, effective for the dividend payable on October 1, 2025. The new dividend rate is $0.4163 per share, up from the previous rate of $0.3891 per share. This increase aligns with the company's multi-year dividend growth program [1].

The announcement comes as TELUS reported a CAD 285 million goodwill impairment in its second-quarter 2025 results. This impairment, which relates to TELUS Digital, resulted in a net loss of CAD 7 million for the quarter. Despite this, the company's adjusted net income decreased by 7% to CAD 342 million, driven by a 2% increase in operating revenues to CAD 5.1 billion [2].

TELUS's share price has moved 7.72% in the last quarter, influenced by external market pressures and mixed company news. Over the past five years, the company has achieved a total return of 22.52%, indicating a stable growth trajectory. However, the current share price at CAD 22.32 suggests limited upside potential in the near term.

The company's strong operational performance continues, with total mobile and fixed customer growth of 198,000, driven by mobile phone and connected device additions of 167,000, alongside fixed customer additions of 31,000. The TELUS Health segment achieved operating revenue and Adjusted EBITDA growth of 16% and 29%, respectively, while global lives covered now stand at 157 million [2].

TELUS has also announced a definitive agreement with La Caisse, who will acquire a 49.9% interest in newly formed wireless tower infrastructure operator Terrion for CAD 1.26 billion. This transaction will monetize TELUS's world-class portfolio of tower infrastructure and accelerate balance sheet deleveraging [2].

References:
[1] https://www.marketscreener.com/news/telus-corporation-declares-quarterly-dividend-payable-on-october-1-2025-ce7c5fd2d08df12c
[2] https://www.prnewswire.com/news-releases/telus-reports-operational-and-financial-results-for-second-quarter-2025-302519363.html