Quarterly ResultJul 31, 2026, 07:17 AM
TELUS Resets Dividend to $0.1875/Share; New CEO/CFO Appointed
AI Summary
TELUS Corporation announced a significant dividend reset, declaring a third-quarter dividend of $0.1875 per share, down from the prior annualized rate of $1.6736 per share, to generate cash savings for deleveraging. The company also announced leadership changes, with Victor Dodig appointed President and CEO, and Gopi Chande as CFO, effective July 1, 2026, following Darren Entwistle's retirement. For Q2 2026, TELUS reported a net loss attributable to Common Shares of $(1.84) billion and a 3% decrease in operating revenues to $4.93 billion, while Adjusted EBITDA decreased by 2% to $1.78 billion.
Key Highlights
- TELUS announced a dividend reset to $0.1875/share for Q3 2026.
- Victor Dodig appointed President & CEO, Gopi Chande as CFO, effective July 1, 2026.
- Q2 2026 Operating revenues decreased 3% to $4.93 billion.
- Q2 2026 Net loss attributable to Common Shares was $(1.84) billion.
- Q2 2026 Adjusted EBITDA decreased 2% to $1.78 billion.
- Cash provided by operating activities increased 15% to $1.34 billion.
- Net debt to EBITDA ratio improved to 3.5x from 3.7x YoY.
- Partial redemption of $500 million in long-term debt on May 8, 2026.
Price Impact
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