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HomeBusinessTelus announces dividend cut and asset sales under new CEO

Telus announces dividend cut and asset sales under new CEO

Telus Corp. has cut its annual dividend by about 55 percent and announced plans to sell assets as new chief executive Victor Dodig moves to reduce the company’s debt and strengthen its balance sheet. According to Bloomberg, the lower dividend will save the company about C$2. 7 billion in cash. .. .

Read full story on The News International

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