Going back in history, Telus cut their quarterly dividend in 2001 from $0.35 to $0.15. Telus has not been a good Dividend Growth stock for long-term shareholders. Had you invested prior to the cut, you would have had to wait 5 years for your dividend income to return to its 2001 level.
4 comments:
In the telco space I'm buying BCE and selling calls until I can get my average price to ~23.00 ... :-) it's hard to do since BCE keeps going up (!?!?) What's next the Maple Leafts win the Stanley Cup?!
There's not much of a downside to BCE and it yields 6%. What do you think of it compared to Rogers and Telus?
Selling covered calls on BCE is a great strategy.
I prefer Rogers over BCE and Telus. Shaw is my top pick in that sector. Shaw and Rogers are better dividend growth stocks. Nothing wrong with holding BCE if you are looking for high current income. Anticipating a large dividend increase for Rogers in February.
Disclosure: I own Shaw and Rogers in my portfolio.
Michael Simpson, VP and portfolio manager at Sentry Select Capital, says don't expect a dividend increase from Telus in 2010.
BCE did another dividend increase!!!
That's 3 in 1 year!!!
Telus disappoints Income Investors!!!
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