Telus 2010 Annual Report Download - page 145

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TELUS 2010 annual report . 141
FINANCIAL STATEMENTS & NOTES: 9–11
Years ended December 31 (millions) 2010 2009
Basic total weighted average Common Shares
and Non-Voting Shares outstanding 320 318
Effect of dilutive securities
Share option awards 1 –
Diluted total weighted average Common Shares
and Non-Voting Shares outstanding 321 318
For the year ended December 31, 2010, certain outstanding share
option awards, in the amount of 5 million (2009 – 8 million) were not
included in the computation of diluted income per Common Share and
Non-Voting Share because the share option awards’ exercise prices
were greater than the average market price of the Common Shares
and Non-Voting Shares during the reported periods.
Basic net income per Common Share and Non-Voting Share is
calculated by dividing net income attributable to Common Shares
and Non-Voting Shares by the total weighted average Common
Shares and Non-Voting Shares outstanding during the period. Diluted
net income per Common Share and Non-Voting Share is calculated
to give effect to share option awards.
The following table presents the reconciliations of the denominators
of the basic and diluted per share computations. Net income
attributable to Common Shares and Non-Voting Shares equalled
diluted income attributable to Common Shares and Non-Voting
Shares for all periods presented.
10 PER SHARE AMOUNTS
Summary schedule and review of numerators and denominators
used in calculating per share amounts and related disclosures
(a) Dividends declared
Years ended December 31 2010 2009
Declared Paid to Declared Paid to
(millions except per share amounts) effective shareholders Total effective shareholders To t a l
Dividend per Common Share and Non-Voting Share
Dividend $0.475 (2009 – $0.475) Mar. 11, 2010 Apr. 1, 2010 $ß152 Mar. 11, 2009 Apr. 1, 2009 $ß151
Dividend $0.50 (2009 – $0.475) June 10, 2010 July 2, 2010 161 June 10, 2009 July 2, 2009 149
Dividend $0.50 (2009 – $0.475) Sept. 10, 2010 Oct. 1, 2010 160 Sept. 10, 2009 Oct. 1, 2009 151
Dividend $0.525 (2009 – $0.475) Dec. 10, 2010 Jan. 4, 2011 169 Dec. 11, 2009 Jan. 4, 2010 150
$ß642 $ß601
Years ended December 31 (millions) 2010 2009
Dividends declared in Dividends declared in
Prior Current Prior Current
fiscal year fiscal year Total fiscal year fiscal year To t a l
Common Share and Non-Voting Share dividends
Payable, beginning of period $ß150 $ß – $ß150 $ß151 $ß – $ß151
Declared n.a. 642 642 n.a. 601 601
Paid in cash (129) (344) (473) (151) (451) (602)
Re-invested in Non-Voting Shares
issued from Treasury (21) (129) (150) – – –
Payable, end of period $ß – $ß169 $ß169 $ß – $ß150 $ß150
11 DIVIDENDS PER SHARE
Summary schedule of dividends declared
amount of the dividend payment depends upon the number of Common
Shares and Non-Voting Shares issued and outstanding at the close of
business on March 11, 2011.
On February 8, 2011, the Board of Directors declared a quarterly
dividend of $0.525 per share on the issued and outstanding Common
Shares
and Non-Voting Shares of the Company payable on April 1, 2011,
to holders of record at the close of business on March 11, 2011. The final