Telus cuts dividend 55% as shares hover near $13.25, the lowest level since 2011
AI Market Summary
Telus cut its dividend by 55% after a multiyear decline driven by higher interest costs, competitive mobile pricing, weaker immigration-driven subscriber growth, and deterioration at Telus Digital, including a C$2.1B impairment. While rate cuts aided other capital-intensive sectors, telecoms lagged, underscoring ongoing balance-sheet and demand pressures. AI data-centre investment and growth in health/agri units are framed as longer-term offsets, but near-term risk remains.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+1.00%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Canadian telecom Telus has cut its dividend by 55% after its share price slid to around C$13.25, a low not seen since 2011. The stock has fallen from C$34 in 2022, while rival BCE has also reduced its dividend by more than 50%. Even as central-bank rate cuts in 2024 and 2025 helped spark rebounds in other capital-intensive sectors, telecom shares lagged. After taking Telus Digital private last year, Telus booked a C$2.1 billion writedown in its Q2 2026 results.
