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

Jazz trumpeter takes Vernon Jazz Club stage

Mike Field will perform Nov. 17

Three structures burn in Spallumcheen

Three structures on the property were engulfed in flames upon officer’s arrival.

Vernon remembers: Remembrance Day ceremony sees crowd

Nov. 11, 2018 marks 100 years since the armistice was signed

Vernon RCMP investigating assault on taxi driver

RCMP were called to assist a taxi driver who had just been assaulted by a female passenger.

VIDEO: Marvel Comics’ Stan Lee dies

Marvel co-creator was well-known for making cameo appearances in superhero movies

VIDEO: Vernon Farmers’ Market bustles at rec centre

It may have moved indoors for the season but the Vernon Farmers’ Market was no less dynamic.

Acclaimed AC/DC tribute to rock Vernon nightclub

BC/DC will perform at Status Nightclub Nov. 30

Birch paintings fill Vernon gallery walls

Carol Simpson Taylor is Nadine’s Fine Art and Frames featured artist of the month

Calgarians head to the polls to declare ‘yea’ or ‘nay’ on Winter Games

The question “are you for or are you against hosting the 2026 Olympic and Paralympic Winter Games?” was to be posed to them Tuesday in a plebiscite to help determine whether the city should move ahead with a bid.

Heir’s big birthday: 70 candles lined up for Prince Charles

Prince Charles turns 70 Wednesday, Nov. 14, 2018, still serving in the heir to the throne role he has filled since he was a young child.

Okanagan Screen Arts road trip drama delves into broken family

Boundaries screens at the Vernon Towne Cinema Nov. 19

Trudeau lays down challenge to companies in bid to boost trade with Asia

“Building the relationships, building the connections, building the facility and also changing mindsets — getting Canadian companies to see the opportunities we have around the world to partner and invest.”

Most Read