TELUS amends dividend reinvestment program
MWN-AI** Summary
TELUS Corporation has announced significant changes to its Dividend Reinvestment and Share Purchase Plan (DRISP), effective April 1, 2026. The company will reduce the discount on shares acquired through the reinvestment of dividends from the current rate to 1.75% of the average market price. This change will affect dividends payable on April 1, 2026, with shareholders of record by March 11, 2026, being automatically enrolled in this adjusted rate. For shares acquired via optional cash payments, the issuance will be at 100% of the average market price.
The DRISP allows Canadian and U.S. shareholders to reinvest their dividends into additional shares of TELUS. International shareholders may also join upon meeting specific legal requirements. Current participants in the DRISP will automatically have the new discount applied to their upcoming dividend payments. New Canadian and U.S. shareholders can enroll online or via Computershare’s website, ensuring that all necessary enrollment forms are submitted before the March 11 deadline to participate in the April payment.
This amendment to the dividend program reflects TELUS's ongoing commitment to providing competitive investment options for its shareholders while adapting to market conditions. The company, which operates in over 45 countries and generates over $20 billion in annual revenue, continues to focus on enhancing customer and community connections through advanced technologies. TELUS remains dedicated to social responsibility and community support, exemplified by its various initiatives, including the TELUS Student Bursary program, which aims to provide educational opportunities to Canadian youth.
For more information, shareholders can visit TELUS's official website or contact their investor relations team directly.
MWN-AI** Analysis
TELUS Corporation recently announced changes to its Dividend Reinvestment and Share Purchase Plan (DRISP), reducing the discount on shares issued from treasury during dividend reinvestment from 2% to 1.75%, effective April 1, 2026. This strategic decision suggests a pivot towards stabilizing the company’s capital management while maintaining shareholder engagement.
From an investment perspective, this adjustment presents several key considerations. The minor reduction in the reinvestment discount indicates a shift towards a more conservative financial posture, possibly signaling TELUS's intention to prioritize retained earnings for operational reinvestment or debt reduction. Investors should monitor whether this change impacts the stock’s attraction as a reliable income source, especially in a competitive telecommunications market where yield is a critical factor for income-focused investors.
As TELUS continues to generate over $20 billion in revenue and maintains over 21 million customer connections across various sectors, questions regarding future growth strategies arise. Investors should assess TELUS's ongoing initiatives in health technology and digital transformation, which are integral to its long-term growth narrative. The company's commitment to enhancing customer experiences through innovative solutions may counterbalance the perceived downsides of the DRISP changes.
Participation in the DRISP allows shareholders to reinvest dividends in additional shares, which can benefit long-term growth. However, the adjustment could make the plan less appealing for new investors seeking immediate returns. Existing shareholders may still view TELUS as a solid investment, bolstered by its history of achieving social impact alongside financial performance.
In conclusion, potential investors should weigh the implications of TELUS's amended DRISP against the company's growth strategies and broader market conditions. While the reduced discount could signal a shift in financial strategy, TELUS remains well-positioned within the telecommunications landscape, making it essential for analysts to stay updated on its upcoming strategic initiatives and market health.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
Implementing a step down to 1.75% discount and share issuance from Treasury
VANCOUVER, BC, Feb. 25, 2026 /CNW/ - TELUS Corporation ("TELUS" or the "Company") announced today that effective April 1, 2026, and as previously communicated, TELUS will step down its discount on shares issued from treasury to 1.75 per cent from the average market price for shares acquired through the reinvestment of dividends. These changes will apply to the dividends payable on April 1, 2026 to shareholders of record on March 11, 2026. Shares acquired with optional cash payments will be issued from treasury at 100 per cent of the average market price.
Under the Dividend Reinvestment and Share Purchase Plan (the "DRISP"), shareholders who reside in Canada and in the United States may elect to have the dividends paid on their shares reinvested in shares of TELUS. Holders of shares residing outside of Canada or the United States may be eligible to participate in the DRISP, subject to proof of compliance with any restrictions in the laws of their country. Full details of the DRISP are available at telus.com/drisp.
Shareholders who currently participate in the DRISP will automatically have the discount applied to the reinvestment of their dividends on the April 1, 2026 payment date. Registered shareholders of record residing in Canada and the United States wishing to join the DRISP can enrol online or access the DRISP enrollment form at Computershare's shareholder services website www.investorcentre.com, by calling 1-800-558-0046 or by visiting TELUS.com/drisp. In order to participate in time for the April 1, 2026 dividend payment date, enrollment forms from registered holders must be received by Computershare Trust Company of Canada, 320 Bay Street, 14th Floor, Toronto, Ontario M5H 4A6 before the close of business on March 11, 2026.
Non-registered beneficial holders of TELUS shares (i.e. shareholders who hold their shares through a financial institution, broker, nominee or other intermediary) should consult with that intermediary to determine the procedures for participation in the DRISP.
This news release does not constitute an offer to sell or a solicitation to buy securities in the United States. TELUS has filed with the U.S. Securities and Exchange Commission a registration statement on Form F-3, and a related prospectus, each dated August 12, 2021 with respect to the DRISP. A copy of these filings and any additional registration statements or prospectuses that may be filed from time to time in connection with the DRISP may be obtained under the Company's profile on the U.S. Securities and Exchange Commission's website at http://www.sec.gov.
About TELUS
TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 21 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing more than 161 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future- focused digital transformations that deliver value for their global clients. Guided by our enduring 'give where we live' philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a post-secondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service - earning TELUS the distinction of the world's most giving company.
For more information, visit telus.com and telusdigital.com or follow @TELUSNews on X.
Investor Relations
Ian McMillan
ir@telus.com
Media Relations
Steve Beisswanger
Steve.Beisswanger@telus.com
SOURCE TELUS Corporation
FAQ**
How will the step down to a 1.75% discount on shares issued from treasury impact the investment attractiveness of TELUS Corporation TU for existing and potential shareholders?
What rationale did TELUS Corporation TU provide for amending its Dividend Reinvestment and Share Purchase Plan, and how might this affect shareholder sentiment moving forward?
Can TELUS Corporation TU shareholders outside of Canada and the United States still participate in the DRISP, and what are the implications for international investors?
With the upcoming changes to the DRISP, how might TELUS Corporation TU's strategy for reinvesting dividends alter its financial stability and growth prospects?
**MWN-AI FAQ is based on asking OpenAI questions about Telus Corporation (NYSE: TU).
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