Telus raising quarterly dividend, third quarter profit up from year ago

VANCOUVER _ Telus Corp. raised its quarterly dividend as it reported its third-quarter profit was up compared with a year ago.

The telecommunications company (TSX:T) says it will now pay a quarterly dividend of 50.5 cents per share, up from 49.25 cents per share.

The increase came as Telus says it earned a profit of $367 million attributable to shareholders or 62 cents per diluted share in its latest quarter, up from $348 million or 59 cents per diluted share a year ago.

Operating revenue totalled $3.37 billion, up from $3.24 billion.

On an adjusted basis, Telus said it earned $391 million or 66 cents per share in its latest quarter, up from $383 million or 65 cents per share in the same quarter last year.

In the quarter, the company says it added 124,000 wireless customers, including 115,000 postpaid net additions, 19,000 high-speed Internet subscribers and 9,000 Telus TV customers.