(Vancouver) Telus announced Friday an increase in its quarterly dividend, while the telecommunications giant announced a profit of 551 million for its third quarter, up from that of 358 million for the same period last year.
Posted at 12:34 p.m.
The Vancouver-based company said it will now pay a dividend of 35.11 cents per share, compared to 32.74 cents per share that prevailed until then.
Telus’ earnings per share for the quarter ended Sept. 30 were 37 cents, down from 25 cents a year earlier.
Operating and other income totaled $4.67 billion, revenue that compared to $4.25 billion in the third quarter of 2021.
On an adjusted basis, Telus earned 34 cents per share in the most recent quarter, compared with 29 cents per share a year earlier.
Analysts on average had expected an adjusted profit of 32 cents per share, according to forecasts compiled by financial data firm Refinitiv.
“Our excellent results are a testament to the power of our globally recognized broadband networks and our customer-centric culture, which helped us bring in a total of 347,000 new customers, a record number for a quarter. and up more than 8% year over year,” Telus CEO Darren Entwhistle said in a statement.