Telus (TSX:T) - 8.8% dividend, at 10 year low.

Original Reddit post

Telus is at a 10-year low with an 8.8% dividend yield, and the author argues its completed FTTH buildout and sufficient cash generation support debt paydown and dividend maintenance.

T.TO — LONG The author argues Telus shares sit at a 10-year low with an 8.8% dividend yield, the highest in nearly 20 years and above both the COVID-19 and 2009 great recession bottoms. The company has largely completed its Fibre To The Home buildout and is generating sufficient cash to pay down debt and maintain the dividend, which the author implies supports the stock. No explicit risk or time horizon is stated.

Telus shares are sitting at the highest dividend yield (8.8 per cent) in nearly 20 years, higher than both the COVID-19 and great recession bottoms in 2020 and 2009 respectively. The company has largely completed its Fibre To The Home (FTTH) buildout and is generating sufficient cash to pay down debt and maintain the dividend.