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Telus Declares Quarterly Dividend
 
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Barry



Joined: 12 May 2004
Posts: 1473

PostPosted: Sat Oct 30, 2004 1:24 pm    Post subject: Telus Declares Quarterly Dividend Reply with quote

The Board of Directors of TELUS Corporation has declared a quarterly dividend of twenty cents ($0.20) per share on the outstanding Common Shares and outstanding Non-Voting Shares of TELUS. This represents an increase of 33% from the fifteen cents ($0.15) declared last quarter. The dividend is payable on January 1, 2005 to holders of record at the close of business on December 10, 2004.

TELUS is also amending the TELUS dividend reinvestment plan (Plan) terms to provide the choice of open market purchases of TELUS shares, as well as issuing shares from Treasury. Effective January 1, 2005, subject to regulatory approval, the Company will begin open market purchases of shares and there will be no discount (previously 3%) on the purchase price of Plan shares.

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