TELUS Q4 Profit Rises; Boosts Dividend - Quick Facts

(RTTNews) - Canadian telecommunications company TELUS Corp. (TU, T.TO, T_A.TO) Thursday reported fourth-quarter net income of C$290 million, higher than C$263 million in the previous year.

On a per share basis, earnings were C$0.46, up from C$0.40 per share last year.

On average, 14 analysts polled by Thomson Reuters expected the company to earn C$0.48 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues grew 3.4 percent to C$2.95 billion from C$2.85 billion a year ago. The increase in revenue was due to 4.1 percent growth in wireless network revenue and 3.4 percent growth in wireline revenue. Analysts estimated revenues of C$2.98 billion for the quarter.

For full-year 2014, the company expects revenues of C$11.9 billion to C$12.1 billion, an increase of 4 to 6% from last year. Street analysts expect the company to report revenues of C$11.91 billion for the year.

The board has also declared a quarterly dividend of C$0.36 per share, up 12.5 percent from last year, to shareholders of record on March 11, 2014, payable on April 1.