A woman is silhouetted as the Telus Corp. logo is displayed on a screen during a company event in Vancouver on Friday, October 2, 2015. THE CANADIAN PRESS/Darryl Dyck

Telus reports Q3 profit and revenue up from year ago, raises dividend

Telus Corp. reported a third-quarter profit of $447 million, up from $406 million a year ago, and raised its dividend.

Telus Corp. reported a third-quarter profit of $447 million — up from $406 million a year ago — and raised its dividend.

The company says it will now make a quarterly payment to shareholders of 54.5 cents per share, up from 52.5 cents.

The profit amounted to 74 cents per share for the quarter ended Sept. 30, up from 68 cents per share a year ago.

Operating revenue totalled $3.77 billion, up from $3.40 billion in the third quarter of 2017.

On an adjusted basis, Telus says it earned 74 cents per share for the quarter, up from 70 cents a year ago.

Thomson Reuters Eikon says analysts on average expected a profit of 72 cents per share.

Telus reported 145,000 net new wireless customers, as well as an increase of 36,000 high-speed Internet subscribers and 18,000 Telus TV customers.

Read more: Telus launches charitable foundation to help vulnerable youth

Read more: B.C. and Alberta cellphones will light up Wednesday with emergency test signal

Companies in this story: (TSX:T)

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Renowned kids performer coming to Wetaskiwin

Fred Penner’s free show will be in the Drill Hall Mar. 16

In Wetaskiwin, Angus Watt says no, we’re not heading into recession

Wetaskiwin Chamber of Commerce speaker says economy was down but not out

County resident’s subdivision halted by Alberta Transportation

Provincial department has problem after approving ASP, re-zoning

Respect for pedestrians seems to be thing of the past

Latest death in Edmonton was large truck hitting person in wheelchair

Blackfalds RCMP on scene of school bus collision and car jacking

RCMP are looking for a silver 2012 Mitsubishi Outlander with Alberta license plate BNR655

2-for-1: Total lunar eclipse comes with supermoon bonus

On Sunday night, the moon, Earth and sun lined up to create the eclipse, which was visible throughout North and South America

$20K pay gap between women, men in Canadian tech jobs

The report defines tech workers as people either producing or making extensive use of technology, regardless of industry

Catholic student says he didn’t disrespect Native American

Many saw the white teenagers, who had travelled to Washington for an anti-abortion rally, appearing to mock the Native Americans

Top Canadian athletes inducted into the Canada Games Hall of Honour

Athletes doing incredible things for communities are inducted into Hall of Honour, says Games CEO

New Canada Food Guide nixes portion sizes, promotes plant-based proteins

Guide no longer lists milk and dairy products as a distinct food group

Blackfalds RCMP seeking information on activities of stolen Fountain Tire Truck

Blackfalds RCMP recovered truck following earlier collision and car-jacking

Red Deer RCMP arrest man after truck collides with six vehicles

No one was injured and the male driver was restrained by a nearby resident until police arrived

Liberals look to make home-buying more affordable for millennials: Morneau

Housing is expected to be a prominent campaign issue ahead of October’s federal election

Most Read