Telus Declares C$0.4184 Quarterly Dividend as Q1 Service Revenue Rises 1%
Telus' board declared a quarterly cash dividend of C$0.4184 per share payable July 2 to shareholders of record June 10. In Q1 2026 Telus grew service revenue 1% and maintained Adjusted EBITDA of $1.8 billion, added 262,000 mobile and fixed customers and increased free cash flow 19% to $583 million.
1. Dividend Declaration
The Board of Directors declared a quarterly cash dividend of C$0.4184 per share, payable July 2, 2026, to shareholders of record at the close of business on June 10, 2026.
2. Q1 2026 Financial Results
In the first quarter of 2026 Telus reported consolidated operating revenues and other income of $5.0 billion, service revenue growth of 1%, and maintained consolidated Adjusted EBITDA of $1.8 billion alongside cash from operations of $1.05 billion.
3. Customer Growth
Telus achieved industry-leading total customer net additions of 262,000, driven by 12,000 mobile phone connections, 229,000 connected devices and 21,000 residential internet subscriptions during the quarter.
4. 2026 Outlook and Targets
The company reaffirmed 2026 targets for 2%–4% service revenue and Adjusted EBITDA growth, projected free cash flow of approximately $2.45 billion, and advanced a deleveraging strategy to reach net debt to EBITDA of 3.3-times by year-end 2026 and 3.0-times by end-2027.