Telus Corp (T-T)

Good yield with both. 5G is not very mature, but will work out well over the next several years. Lots of growth in data. Debt-oriented companies in a high interest rate environment, this has hurt them both. Need to rationalize their businesses, but government intervenes when it chooses, as with BCE layoffs. So they have to be careful.

Tough slog with BCE. Issue is that people are worried dividend will be cut, or that assets will be sold to cover it. Yield is almost 9%, but he doesn't "think" they'll cut it. May have to sell more assets to bring down debt. Don't switch at these levels. Hold, and hope for better times ahead.

Telus is incredibly well run. Includes a number of great businesses they've developed and brought out in public.

He's added to this in the last 3-4 months. The sector has been hammered for various reasons: competition, regulation and noise. The sector has value now. When interest rates go down, this sector picks up. Their valuations are attractive.

Yes. He certainly wouldn't buy them all, but likes Telus and ENB a lot. As rates come down, the higher-yielding stocks that are still beaten up should start to stage a nice rally between now and the end of the year.

Telus and QBR.B are the 2 best stocks to own in the space. Telus will gush free cashflow, as it's beyond big capex cycle, low payout ratio. QBR.B is in a high-growth phase with Freedom Mobile acquisition, very careful capital allocators.

The dividend is safe and will grow 3-4% annually in coming years. Yields 8.65%. Shares are amazingly back to Covid levels. If you own this, keep holding to collect the dividend. Of course, interest rates have effected high-dividend stocks like the telcos. If shares break below the current, Telus could be entering a new bandwidth, but if it bounces, it could be time to buy.

Recent weakness in valuation offers goof margin of safety for investors. Coming towards the end in fibre build out - will be good for cash flow. Various revenues steam good for stability of business. Company should be able to continue dividend increases (~7%). Current dividend yield is very safe. 

Bought for dividend growth in uncertain times. Trades at 19x 2025 earnings. Still sees growth around 11%. High quality, great value. Works long term. Rogers is cheaper now, so that's where he'd be putting new money.

A utility-type stock and that isn't what he buys. He buys companies that grow 15% yearly. Telus is a great company, reasonably priced and pays a good 5% dividend. You can't do wrong owning this. Safe.

Generates 85% of revenue from services, 15% from hardware. Third-party partners help distribution across the country. Population increase should boost sales. Usually trades at premium to peers, as it tends to grow faster. Nice yield of 6.5%, best dividend grower in the sector. 24x earnings multiple, too high. He prefers BCE.

Lacks TV assets and sports teams. Acquisition solidified it as a leader in digital health. Returns are market average, quite a bit of debt (though less than peers).

Interest-rate sensitivity. Disappointing. Avoid right now. If it starts going up and you want to diversify, you could start building a position, but don't have a lot of expectations until rates start coming down. Not too worried about the dividend. 

Huge red flag if drops below $22.50. If interest rates come down, limited upside potential to $26-27.

It has a very large number of new mobile users, 1.2 million and comes with a 6% yield. Like others it does have some challenges and has to make back its investment in infrastructure.       Buy 13  Hold 5  Sell 1

Canada's top-performing telco for the last 5 years. Pays around a 6% dividend, lower than its peers actually. Trades at a slight premium to peers, but deserved because it grows faster, like its dividend 8% compounded over the last decade. Balance sheet remains strong, so it has free cash flow this and next year so they can increase their dividend, retire debt, buy companies and/or shares. They bought LifeWorks over a year ago, for example, to diversify away from cell phones.

Difficult 2023 with high rates. Bouncing back. 2024 should be a good year for telecoms as interest rates come down. Never given credit for businesses it's grown internally. Likes it here. Benefits from 5G still to come to fruition over the next few years. Very nice dividend, regularly increased. Yield's around 5.2%.

Close in valuations. Owns and likes both, but Telus a little better at these levels, as it has not as much capex ahead plus diversified businesses. BCE has more debt. Looking to increase weight of Telus. Both seem to be bottoming. Regulatory looks tougher going ahead. Be wary of any slowing in immigration, especially with any change in government. 

Not the total return stories of the past 5-6 years, but good solid dividend yield. Start picking away at half positions.

Likes it.  They have higher exposure to wireless than wireline, likes their business mix vs. their peers. These dividend stocks saw a boost when interest rates declined last November-December, and the whole group can trend higher if rates keep falling. He sold a lot of dividend stocks in early 2021 and hasn't moved back in.