The Board of Directors declared a quarterly cash dividend of $0.1875 per share on TELUS Corporation's issued and outstanding Common shares. The dividend is payable on October 1, 2026 to shareholders of record at the close of business on September 10, 2026. This announcement confirms the company's ongoing distribution policy to its equity holders. TELUS Corporation operates in the telecommunications industry, providing wireless and wireline communications services.

TELUS Corporation reported a net loss of $1.8 billion for the second quarter ended June 30, 2026, driven by a $2.1 billion non-cash impairment of TELUS Digital goodwill and intangible assets. The company reset its quarterly dividend to $0.1875 per share (annualized $0.75), a 55% reduction from the prior $1.6736 annual rate, aiming to generate $2.7 billion in cumulative cash savings through 2028 for deleveraging. Net debt to Adjusted EBITDA stood at 3.5-times, with a target of 3.0-times or lower by year-end 2028. Full-year guidance was revised downward: consolidated service revenue is now expected flat to negative 2%, adjusted EBITDA negative 2% to negative 4%, and free cash flow approximately $1.8 billion. Capital expenditures for the full year were raised to approximately $2.6 billion. TELUS operates in the telecommunications, health technology, and digital services industries.