Star Wars Day Purchase

Star Wars GIF


Happy Mother’s Day everyone, today I am going to share with you a purchase I made on Star Wars Day (May 4th). The purchase was made in my Tax Free Savings Account (TFSA), the stock that I purchased was Telus (Ticker: T.TO). This is the second purchase of Telus for me in the last couple of weeks.

I bought an additional 10 shares @ $22.41 per share. Not a huge buy but every little bit helps. When I purchased the stock the first time it was trading for $22.12 so my cost basis goes up by $0.06 not a big deal. With the 2 for 1 stock split in March Telus pays a quarterly dividend of $0.29125 and so this purchase will add $2.91 per quarter and $11.64 in annual dividend income.

On May 7th Telus released their quarterly earnings and gave investors a glance at the impact the pandemic is having on Telus. Over the last few years Telus has raised their dividend in May this time they kept it the same. Normally the company raised it in May & November so we will have to see what they do from now till November. Here are some numbers from the earnings report.

  • Customer growth of 106,000 net client additions, up 12,000 over last year
  • 70,000 Wireless net additions, 21,000 high quality mobile phone additions
  • Wireline results, EBITDA growth of 7.2%, 36,000 net additions, growth of 2,000 over last year.
  • Kept the dividend the same
  • Net income of $353 million, down 19 per cent


If the price drops I will add more shares but for the moment I will probably look to see if there are other opportunities out there as I continue to implement my Future Portfolio & New Strategy

Thanks for reading!

Happy Mother’s Day



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