Bonds do provide the most "consistent" revenue for the most part. The revenue generated from an equity on the dividend side of things is never guaranteed.
My thoughts on a buy of Telus on a generic level is pretty well known. The company was a Value Call here at Stocktrades last month (you can view the report on your main dashboard). However, from an individual perspective I can't really comment on someone's situation. Whether or not Telus is the right buy in your situation from an income/risk perspective is something I just couldn't comment on nor figure out.
However, as I said, on the general premise of whether I think Telus is a strong buy here for the long-term, the answer is yes IMO. I've been adding to the company pretty aggressively over the last while as I do believe there will be valuation expansion plus the yield is no doubt attractive.