Telus called it a reset. Your income calls it a cut.

On July 31st, Telus cut its quarterly dividend by 55%. This free PDF walks through the numbers behind the decision. What the December plan promised, which parts broke, where the debt stands, and the six things I would track from here. The original December 2025 deep dive is included as an appendix.

This is education, not personalized advice. Do your own due diligence.

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A reset is what you do to your Wi-Fi router when there is a bug. When your income drops by 55%, it is a cut.

MIKE HEROUX — FROM THE REPORT

from the readers

I nearly bought Telus months and months ago, lured in by a tantalising dividend. I did not buy because I did not like the look of the numbers, learned from you. Why buy into a sector if there are no good companies to buy?

Nigel

Subscriber since 2024

It was a fun read; timely and helpful, certain to cause the sleeping to wake...

Libertad

Subscriber since 2020

Thanks, Mike. It’s a comfort knowing you’re on the job.

Susan

DSR member since 2020

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Updated August 2026