Telus Q1 Profit Rises - Quick Facts

(RTTNews) - Canadian telecommunications company Telus Corp. (TU, T.TO) posted first-quarter net income of C$415 million or $0.68 per share, up from C$377 million or C$0.60 per share in the prior year.

Adjusted net income for the latest first quarter was C$427 million or C$0.70 per share, up from C$383 million or C$0.62 per share in the comparable quarter last year.

Consolidated operating revenue rose 4.6% to C$3.03 billion, from C$2.90 billion in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of C$0.65 per share and revenues of C$3.05 billion. Analysts' estimates typically exclude special items.

The TELUS Board of Directors has declared a quarterly dividend of C$0.40 per share on the issued and outstanding Common Shares of the company payable on April 1, 2015 to holders of record at the close of business on March 11, 2015. This first quarter dividend represents a four cent or 11.1 per cent increase from the quarterly dividend paid on April 1, 2014.

On May 6, 2015, the Board declared a second quarter dividend of $0.42 per share on the issued and outstanding Common Shares, payable on July 2, 2015, to shareholders of record at the close of business on June 10, 2015.