TELUS (MEX:TUN) Dividend Payout Ratio: 6.31 (As of Mar. 2026) — 389% Above Median

TELUS MEX:TUN 68 Dividend Payout Ratio is 6.31 as of Mar. 2026, which is 389% above its 10-year median of 1.29. GuruFocus rates MEX:TUN with a GF Score™ of 68/100 and a GF Value™ of MXN315.68. The stock has 8 warning signs investors should review. Among 191 Telecommunication Services companies, TELUS ranks worse than 95.81% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. TELUS's Dividend Payout Ratio for the months ended in Mar. 2026 was 6.31.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of TELUS Corp is 2.40, which seems too high.

The historical rank and industry rank for TELUS's Dividend Payout Ratio or its related term are showing as below:

During the past 13 years, the highest Dividend Payout Ratio of TELUS was 2.63. The lowest was 0.78. And the median was 1.29.

MEX:TUN's Dividend Payout Ratio is not ranked ^*
in the Telecommunication Services industry.
Industry Median: 0.53
* Ranked among companies with meaningful Dividend Payout Ratio only.

As of today (2026-06-24), the Dividend Yield % of TELUS is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of TELUS was 10.23%. The lowest was 0.00%. And the median was 4.58%.

TELUS's Dividends per Share for the months ended in Mar. 2026 was MXN5.50.

During the past 12 months, TELUS's average Dividends Per Share Growth Rate was 5.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of TELUS was 34.20% per year. The lowest was -24.60% per year. And the median was 8.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

TELUS (MEX:TUN) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

TELUS Dividend Payout Ratio Related Terms

TELUS Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for TELUS's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

TELUS Dividend Payout Ratio Chart

TELUS Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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1.27

1.38

2.63

2.19

2.12

TELUS Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															2.04	1.47	2.39	2.41	6.31

MEX:TUN vs TMUS, VZ, T: Dividend Payout Ratio Comparison

For the Telecom Services subindustry, TELUS's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TELUS Dividend Payout Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, TELUS's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where TELUS's Dividend Payout Ratio falls into.

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68GF Score

TELUS Corp MEX:TUN

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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TELUS Dividend Payout Ratio Calculation

TELUS's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	21.579	/	10.161
	=	2.12

TELUS's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	5.499	/	0.872
	=	6.31

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 6.31 mean?

TELUS (MEX:TUN) has a Dividend Payout Ratio of 6.31 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on TELUS and its competitors. This is 389% above median its historical median of 1.29. Over the past decade, TELUS's Dividend Payout Ratio has ranged from 0.78 to 2.63. According to the industry distribution chart, TELUS ranks #183 out of 191 companies in the Telecommunication Services industry, placing it in the top 95.8%.

Is TELUS's Dividend Payout Ratio too high?

TELUS's current Dividend Payout Ratio of 6.31 is 389% above median its 10-year median of 1.29. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 2.63. The Telecommunication Services industry median Dividend Payout Ratio is 0.53. TELUS's value of 6.31 is 1090.6% above this industry median. Based on the distribution chart, TELUS ranks #183 out of 191 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, TELUS has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.

How does TELUS's Dividend Payout Ratio compare to TMUS and VZ?

According to the Telecommunication Services industry distribution chart, TELUS ranks #183 out of 191 companies for Dividend Payout Ratio. This places TELUS in the lower half of its industry. The industry median Dividend Payout Ratio is 0.53. TELUS's value of 6.31 is 1090.6% above this benchmark. Historically, TELUS's own Dividend Payout Ratio has ranged from 0.78 to 2.63 over the past decade. While the company's 10-year median is 1.29 vs. the industry median of 0.53, TELUS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Telecommunication Services company?

The median Dividend Payout Ratio among Telecommunication Services companies is 0.53, based on 191 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TELUS's current Dividend Payout Ratio of 6.31 is 1090.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on TELUS and its competitors. For the Telecommunication Services industry, the median Dividend Payout Ratio is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TELUS's current Dividend Payout Ratio is 6.31, which is 389% above median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TELUS stock overvalued right now?

TELUS (MEX:TUN) has a current Dividend Payout Ratio of 6.31. The stock's GF Value™ is MXN315.68, compared to a current price of MXN240.00 — trading 24% below its estimated fair value. The current Dividend Payout Ratio is 6.31, which is 389% above median its 10-year median of 1.29 and 1090.6% above the Telecommunication Services industry median of 0.53. TELUS's overall GF Score™ is 68/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For TELUS (MEX:TUN), the current Dividend Payout Ratio is 6.31 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TELUS (MEX:TUN) Overvalued in 2026?

Based on GuruFocus' analysis, TELUS stock appears to be undervalued. The current stock price of MXN240.00 is trading 24% below its estimated GF Value™ of MXN315.68.

Key valuation signals for MEX:TUN:

Dividend Payout Ratio: 6.31 (389% above median its 10-year median of 1.29)
GF Value™: MXN315.68 vs. price of MXN240.00 (24% below fair value)
GF Score™: 68/100 with 8 warning signs
Industry Position: 1090.6% above the Telecommunication Services median (#183 of 191)

No single metric tells the full story. See the MEX:TUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TELUS Business Description

Industry Communication Services Telecommunication Services

Comparable Companies TSX:RCI.B TSX:BCE TSX:QBR.B TSX:CCA TSX:CGO TSX:TGO TSXV:USS TSXV:ADYA TSXV:GOK TSE:9984 SHSE:600941 TMUS VZ T XTER:DTE NSE:BHARTIARTL CMCSA XZIM:ECO.ZW HKSE:00728 MEX:AMXB

Other Exchanges TU:USA BCZ:Germany T:Canada

Address 510 West Georgia Street, 23rd Floor, Vancouver, BC, CAN, V6B 0M3

Website https://www.telus.com

Telus is one of the Big Three wireless service providers in Canada, with over 10 million mobile phone subscribers nationwide constituting almost 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. Mostly because of recent acquisitions, more than 20% of Telus' sales now come from nontelecom businesses, most notably in the international business services, health, security, and agriculture industries. The firm has a 55% economic stake in Telus International.

68GF Score

Get the complete analysis for MEX:TUN

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN240.00

Price

MXN315.68

GF Value

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