Telus dividend increase

Yesterday the Board of Directors of TELUS Corporation announced a quarterly dividend increase of from CA$ 0.46 to CA$ 0.48 per share that’s payable January 3, 2017 to holders of record December 9, 2016. This represents a 9.09% increase year-over-year and 4.35% increase to the last quarter dividend. This was a twelfth dividend increase since TELUS announcing their multi-year dividend growth program in May 2011 With current price CA$ 42.40 (Yesterday's close), this raise brings their dividend yield to 4.53%.

Since I own 37 shares of Telus, this increases my 12 month forward dividends by $2.36