TELUS Corp Reports Strong Q1 Performance and Raises Dividend

In a promising start to 2025, TELUS Corp, a leading telecommunications company based in Vancouver, Canada, has reported a significant increase in its first-quarter profit compared to the same period last year. The company, which operates across the Communication Services sector, particularly in Diversified Telecommunication Services, has seen its financial results surpass estimates, marking its strongest first quarter on record.

TELUS’s success in the first quarter is attributed to robust growth in both its Mobile and Fixed customer base, which increased by 218,000, up 9,000 from the previous year. This growth is driven by strong demand for TELUS’s superior bundled services, which leverage its advanced and highly valued broadband networks. The company’s strategic focus on enhancing its service offerings has evidently paid off, contributing to its operational and financial achievements.

In addition to its impressive performance, TELUS has announced a raise in its quarterly dividend, signaling confidence in its financial health and future prospects. The Board of Directors declared a quarterly dividend of 41.63 cents per share, up from 40.23 cents per share. This increase of 3.5% reflects TELUS’s commitment to delivering value to its shareholders and its solid financial discipline.

The company’s financial metrics further underscore its strong position. TELUS reported a Non-GAAP EPS of C$0.26 and revenue of C$5.05 billion for the quarter, reaffirming its outlook for the fiscal year 2025. Despite a high Price Earnings ratio of 31.79, TELUS’s market capitalization stands at 31.95 billion CAD, with a close price of 20.77 CAD as of May 6, 2025.

Looking ahead, TELUS is expanding its infrastructure with the introduction of TELUS PureFibre services in Red Deer. This new fibre-optic infrastructure aims to transform connectivity in the region, enabling faster internet speeds and enhancing wireless coverage. Such initiatives are part of TELUS’s broader strategy to maintain its industry-leading position and continue delivering superior services to its customers.

As TELUS continues to outpace its peers with smarter growth and financial discipline, investors and stakeholders can look forward to a promising future for the company. With its strong operational results and strategic initiatives, TELUS is well-positioned to navigate the evolving telecommunications landscape and sustain its growth trajectory.