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Truist Financial Corp has revealed that it has increased its stake in TELUS Corp by 9.4% during the first quarter of this year. This move demonstrates Truist’s confidence in TELUS’s future prospects and signifies its commitment to being a significant player in the telecommunications market.

Truist Financial Corp now owns 152,412 shares of TELUS’s stock, with an estimated value of ,027,000. This strategic move is expected to strengthen both companies’ positions in the highly competitive telecommunications industry.

TELUS Corporation is a leading provider of telecommunications and information technology products and services in Canada. The company operates through two main segments: Technology Solutions and Digitally-Led Customer Experiences. TELUS offers a comprehensive range of telecommunications products and services, including network services, mobile technologies equipment, data services, television offerings, hosting and cloud-based services. Additionally, TELUS provides software solutions, home and business security solutions, and healthcare software and technology.

TELUS recently announced a quarterly dividend payout, indicating its commitment to rewarding shareholders while maintaining steady growth. With an annualized dividend of .10 per share and a dividend yield of 6.40%, TELUS offers strong returns for its investors.

Investors holding shares on or before September 8th will receive a dividend payout of {TRESC}.274 per share. The ex-dividend date is set for September 7th, so investors acquiring shares after this date will not be eligible for the upcoming dividend payout.

TELUS continues to enhance shareholder value with consistently rising dividend payouts and remains at the forefront of technological innovation in the telecommunications industry.

In conclusion, Truist Financial Corp’s increased stake in TELUS Corp demonstrates its belief in the company’s strong performance and growth potential. TELUS Corporation’s diverse range of telecommunications products and services, coupled with its focus on digitization, position it as a leader in the industry. The upcoming dividend payout presents an attractive opportunity for investors seeking income generation and capital appreciation.

The post Truist Financial Corp Increases Stake in TELUS Corp. Demonstrating Confidence in the Company’s Future Prospects appeared first on ISP Today.