Telus Raises Dividend; CAE CEO Marc Parent Joins Telus Board - Quick Facts

(RTTNews) - While reporting its third-quarter financial results today, Telus Corp (TU) said it has raised its quarterly dividend.

The Telus board of directors declared a quarterly dividend of $0.5050 Canadian per share on the issued and outstanding common shares of the company payable on January 2, 2018 to holders of record at the close of business on December 11, 2017.

The company's 2017 annually declared dividend of $1.97 represents a 7.1 per cent increase from its 2016 annually declared dividend of $1.84.

This is the fourteenth dividend increase since Telus announced its original multi-year dividend growth program in May 2011. Over this period, Telus' dividend is higher by 92 per cent.

The company also said that effective November 7, 2017, Marc Parent, the President and Chief Executive Officer of CAE Inc (CAE, CAE.TO), joined itsr Board. CAE, which is listed on both the New York Stock Exchange and the Toronto Stock Exchange, is a provider of training for the civil aviation, defence and security, and healthcare markets.