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TELUS: Slowing Dividend Growth

Summary

TELUS DGR has outperformed its peers over the past few years.

According to their dividend policy TELUS is targeting a 65-75% payout ratio.

EPS growth is slowing and TELUS has provided indications that historical growth rates will not continue.

TELUS (NYSE:TU) has been a dividend darling over the past few years. As one of the first purchase of my dividend growth portfolio, TELUS has handsomely rewarded me with an impressive dividend growth streak. Their DGR has far exceeded those of their closest competitors over the past few years and their DGR is also best of the bunch.

Source: Canadian Dividend All-Star List

Another aspect about TELUS's dividend that I like is the fact they have a clear and concise dividend policy. They articulate what their intentions are over the next few years, so dividend growth investors have clarity and consistency when looking forward.

Will Double-Digit DGR continue?

As investors know, history is not a precursor to the future and despite TELUS's impressive DGR over the past few years, investors should be aware that TELUS has already provided hints that their DGR will slow in years...


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