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2 clusters · 2 sources · 10 days · First seen · Last updated

Telus financial restructuring and dividend reduction

Overview

Telus Corp. announced significant financial restructuring following its second-quarter 2026 earnings report. Under the leadership of new CEO Victor Dodig, the company reported a quarterly loss and implemented a dividend cut of approximately 55% to 18.75 cents per share.

The company aims to save roughly $2.7 billion through 2028 to support debt reduction and deleveraging efforts. Specifically, management is targeting a reduction in the Net-Debt to Adjusted EBITDA ratio from 3.5 to 3.0 by the end of 2028.

Financial reporting also included a $2.1 billion goodwill impairment charge related to the TELUS Digital segment. While mobile network revenue saw a 1% increase and cash flow from operations rose 15% to $1.3 billion, the company lowered its 2026 service-revenue outlook to flat-to-negative 2% and projected a 2% to 4% decline in adjusted EBITDA. Following these announcements, Telus shares experienced a significant decline.

Entities

Victor Dodig · CIBC · Gopi Chande · Telus Corp. · TELUS

Timeline

  1. 3 days ago

    [BUSINESS] 2 sources
    TELUS cuts dividend by 55% following Q2 earnings report

    TELUS has cut its dividend by 55.2% to prioritize deleveraging and growth investments, leading to an 11.6% drop in stock price following its Q2 2026 earnings report.

  2. 13 days ago

    [BUSINESS] 3 sources
    Telus cuts dividend 55% and posts Q2 loss as new CEO Victor Dodig takes charge

    Telus reports a $1.8 billion Q2 loss, slashes its dividend by 55% to 18.75 cents, ends its reinvestment plan and revises guidance under new CEO Victor Dodig, sending shares down about 12%.

Sources

fool.ca · genymoney.ca