TELUS Corporation announced a 55% cut to its quarterly dividend, lowering the annual payout to $0.75 per share to save approximately $2.7 billion through 2028, prioritizing debt reduction and financial stability. The company also plans to remove the dividend reinvestment plan discount by October 2026 and revised its 2026 financial outlook to reflect challenges like competitive pricing and slower growth in some segments. TELUS outlined three strategic priorities: strengthening its financial foundation, improving operational discipline, and focusing investments on profitable growth areas such as wireless and fiber networks. The company targets reducing its net debt to adjusted EBITDA ratio to 3.0-times or lower by the end of 2028, supported by free cash flow growth, disciplined capital spending, and asset sales.
Investors comparing telecom dividends find AT&T's payout safer than Verizon's despite Verizon's higher yield and 19-year raise streak. AT&T's dividend consumes a smaller share of free cash flow after capital expenditures, providing a larger safety cu...
AT&T has launched promotions for the new iPhone 18 Pro series, offering up to $1200 off with any condition iPhone trade-in for new and existing customers. The deal includes additional benefits like up to $800 to pay off current device balances for th...
Apple's new foldable iPhone Duo, priced at $1,999, offers a 7.6-inch screen and features that reviewers say could make the iPad mini obsolete. Despite costing more than twice the price of the iPad mini, the Duo is expected to be bundled with three-ye...
Wells Fargo analyst Steven Cahall suggests SpaceX's expansion into wireless won't severely damage carriers but will pressure their pricing and margins. SpaceX's satellite-based network requires less ground infrastructure, meaning tower REITs and cabl...
AT&T reported strong operating results for the second quarter, highlighting fiber expansion and wireless convergence as key growth drivers. Despite concerns about competition from SpaceX, the company's valuation remains attractive with a forward P/E ...
