Passive Income: A Top Canadian Dividend Stock to Buy Right Now

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TELUS (TSX:T)(NYSE:TU) pays a 4.5% dividend, serving to retirees earn passive earnings. It supplies a variety of telecommunications companies in Canada. In the primary half of 2021, the COVID-19 pandemic had a big influence on TELUS’s enterprise, primarily within the first half of the yr. The gradual reopening of the worldwide financial system and areas the place TELUS conducts enterprise is predicted to increase income.
Reliable linked expertise
During the worldwide pandemic, TELUS prioritized the well being and security of the corporate’s shoppers whereas redoubling efforts to present a dependable linked expertise throughout the corporate’s portfolio of companies. In this regard, the TELUS workforce expeditiously pivoted the corporate’s operations to hold clients secure at dwelling, in retailer, and on-line. Notably, TELUS enabled 95% of the corporate’s international workforce members to proceed supporting the corporate’s clients remotely.
In addition, TELUS’s industry-first digital set up, restore processes, and in-store protocols have created a secure surroundings for the corporate’s clients and workforce members. TELUS’s pandemic planning framework was shared with over 500,000 enterprise clients, enabling shoppers to leverage the processes and analysis accomplished by TELUS’s workforce of enterprise and medical specialists.
Virtual work options
Further, TELUS additionally empowered greater than 6,400 companies throughout Canada with digital work options and launched an award-winning marketing campaign to assist and promote small companies throughout Canada. The firm’s workforce labored across the clock to bolster its community infrastructure to guarantee it may assist 4 occasions the quantity of community site visitors in contrast to the corporate’s busiest pre-COVID-19 day, enabling Canadians to work, study, socialize, entry leisure, and transact on-line safely from dwelling.
To put this into perspective, TELUS’s efforts to maintain the corporate’s networks all through COVID-19 had been akin to supporting Super Bowl-level site visitors, day by day. The firm additionally augmented its digital platform to assist 15 occasions the same old site visitors, permitting individuals to entry TELUS on-line when conventional channels had been disrupted by lockdowns. This initiative supported 50% development in digital transactions by the shut of the yr.
State-of-the-art community infrastructure
The TELUS workforce’s swift and considerate actions to assist Canadians all through the pandemic had been underpinned by the corporate’s world-leading community expertise. Since 2000, the corporate has invested greater than $200 billion in state-of-the-art community infrastructure and operations, supporting the continued growth of the corporate’s 5G networks. This funding resulted in TELUS’s wi-fi community being acknowledged in three main, unbiased community studies in 2020.
Several on-line communities have acknowledged TELUS extremely for service supply. For instance, Opensignal ranked TELUS as having the quickest community on the earth and once more in February 2021 for the ninth time, whereas Ookla acknowledged TELUS’s cellular community because the quickest and most expansive on a nationwide foundation in 2020 and once more in February 2021 for the seventh time. Canada-based Tutela additionally positioned TELUS first in respect of high quality, latency, and obtain throughput nationally for the second consecutive yr.
World-leading connectivity
At a time when social, financial, well being, and academic connections have turn into extra essential than ever, this recognition has helped TELUS’s enterprise significantly. TELUS additionally supplies world-leading connectivity to rural communities. This ought to assist the corporate’s profitability subsequent yr, as soon as the pandemic eases.

This article represents the opinion of the author, who could disagree with the “official” advice place of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even certainly one of our personal — helps us all suppose critically about investing and make choices that assist us turn into smarter, happier, and richer, so we typically publish articles that might not be according to suggestions, rankings or different content material.

The Motley Fool recommends TELUS CORPORATION. Fool contributor Nikhil Kumar has no place in any of the shares talked about.

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