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Stock impact report

Telus executives snap up company shares in bid to signal confidence to investors [Globe and Mail, The (Toronto, Canada)]

Telus Corporation Ordinary Shares (TU) 
Last telus corporation ordinary shares earnings: 2/13 06:45 am Check Earnings Report
US:NYSE Investor Relations: telus.com/en/about/investor-relations
The share purchases reflect Telus's “compelling value proposition and long-term growth prospects,” and align with the company's plans to meet its deleveraging goals, the company said in a release Monday morning. Collectively, Telus's senior leaders and directors held about 2.4 million common shares as of Dec. 31. The company had about 1.5 billion shares outstanding at the end of September, according to financial statements. Telus halts dividend increases after analysts call payout growth plan unsustainable In December, the Vancouver-based telecom company also repurchased 2.2 million shares on the open market for cancellation, which it said reflects its belief that the current share price “does not reflect the strong fundamentals of Telus' business and its significant growth opportunities.” The buyback is part of a program which would allow Telus to repurchase and cancel up to 28 million shares for an aggregate purchase price of up to $500-million in 2026 – a limit which repre Show less Read more
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