Is TELUS (TU) One of the 10 Canadian Stocks with Highest Dividends?

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On April 14, Barclays expert Lauren Bonham lowered the firm’s terms proposal connected TELUS Corporation (NYSE:TU) to C$19 from C$20. It reiterated an Equal Weight standing arsenic portion of a Q1 preview. The steadfast said the “attractiveness of defensive” successful the cablegram assemblage is being weighed down by ongoing promotional pricing unit and weaker volumes crossed halfway telecom segments.

On April 10, Scotiabank downgraded TU to Sector Perform from Outperform and reduced its terms people to C$21.50 from C$23. The steadfast said the stock’s outlook “remains excessively clouded by what-if scenarios to offset the continued precocious and unsustainable dividend organisation model.” The expert added that continued unit connected subscriber maturation and pricing successful the Canadian telecom marketplace could unit Telus to chopped its dividend to “placate the market.” Scotiabank besides noted that portion plus income whitethorn assistance trim leverage, they bash not code the company’s payout ratio.

TELUS Corporation (NYSE:TU) operates arsenic a communications exertion company. It provides broadband services to consumers, businesses, and the nationalist assemblage done its TELUS exertion solutions, TELUS integer experience, and TELUS wellness segments.

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