Is Telus another Algonquin Power

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Telus down 18% from April 24 is it time to sell before it cuts it dividend

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Asked on July 28, 2023 5:37 pm
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There is really no indication thus far that the dividend is at risk. If the company hits expected 2023 free cash flows, the dividend is well covered.

The drawdown is not unique to Telus. Sure, it's had a bit more of a drawdown due to the growth premium the company usually commands because of its high growth rates, however the entire telecom sector is struggling.

When we look to YTD returns from the Big 3, they're all down mid to high single digit percentages thus far.

I'm holding Telus, and have zero intentions to sell. In fact, I plan to continually add during the coming years.

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Posted by Dan Kent
Answered on July 31, 2023 7:52 am