TELUS Resets Dividend Payout Ratio to Cut Leverage by 2028
TELUS reset its dividend to rebuild financial flexibility and reduce leverage, lowering its free-cash-flow dividend payout ratio target to 45%-60% from 60%-75%. With net debt at C$26.0 billion (3.5x adjusted EBITDA), TELUS pushed its leverage target to 3.0x by end-2028 and reduced 2026 free cash flow guidance to about C$1.8 billion.