New Telus Purchase

Hi everybody well I ended November with two purchases,and I have started December with a buy.

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions. The Company operates through two business segments: Wireless segment and Wireline segment. Its Wireline segment offers products and services, including voice; TELUS TV; Internet protocol (IP) networks and applications; contact center, business process and information technology (IT) outsourcing solutions in over 30 languages; hosting, managed IT and cloud-based services; healthcare, and conferencing and collaboration. The Company offers Wireless services for consumers and businesses across Canada, such as data and voice, and mobile applications, as well as devices, which include smartphones, tablets and wearable technology.

(Source: Google Finance)

Telus is one of my favourite stocks, Telus is the third largest telecommunications company in Canada. Some highlights from the latest quarter are:

• Added 115,000 net postpaid wireless, Internet and Telus TV customers.
• Industry leading wireless monthly postpaid churn* of 0.94 per cent.
• ARPU (Average Revenue Per User) growth of 3.8%, 24th consecutive quarter of year-over-year growth.
• Announced 12th dividend increase in the past six years.

*Churn rate is the amount of customers or subscribers who cut ties with the company.

Transaction Details

Before this purchase I currently owned 69 shares with an average cost of $42.78.

On December 1st I purchased another 31 shares at $42 = $1,302 + $9.99 (trading cost) = $1,311.99.

Now I have an even 100 shares 🙂

Dividend

With the new dividend announcement Telus now pays a quarterly dividend of $0.48. So with the 31 new shares my forward income increases by $59.52.

Thanks for reading

Matthew

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