Monday, August 22, 2011

Dividend Machine Telus Company, symbol TU – August 22, 2011

Fibre optic strandsImage via Wikipedia

Simple income investing leads us to the third telecom company to be included in my list of dividend machines.   Telus Company is a Canadian telecommunications company delivering both landline and wireless service to Western Canada.

 I have profiled two other telecoms in my quest to find one company per week that fulfills all four criteria to be a dividend machine.  Other than TU, I have profiled ATT, symbol T, a U.S. telecom provider and BCE, another Canadian telecom provider.

I feel comfortable with TU as the company earns $3.49 per share per year and pays out $2.24 per share per year.  At the close on Friday, August 19, 2011 at $49.46 TU yields 4.37%.  You will be paid $.56, the quarterly dividend, on October 3, 2011 provided you own the stock by  September 7, 2011.

TU sports a very manageable debt to equity ratio (D/E ratio) of .89.  Moreover, TU has increased the dividend every year for at least five years and has paid, on occasion, an enhanced dividend.  Consider TU for one of your dividend machines.

Very Truly Yours,
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