TELUS Announces Dividend Reset To $0.75 Per Year; Expected To Generate ~$2.7B In Cash Savings Through 2028

TELUS' Board of Directors declared a quarterly dividend of $0.1875 per common share, representing a reset of 55 per cent to an annualized amount of $0.75 per share, which is expected to generate approximately $2.7 billion in cumulative cash savings through 2028 directed toward debt reduction; the DRIP discount will be removed effective October 1, 2026.