Telus 2010 Annual Report Download - page 176

172 . TELUS 2010 annual report
Stock exchanges and TELUS trading symbols
Toronto Stock Exchange (TSX)
Common shares T
Non-voting shares T.A
New York Stock Exchange (NYSE)
Non-voting shares TU
Member of
.S&P/TSX Composite Index .S&P/TSX 60 Index
.S&P/TSX Telecom Index .MSCI World Telecom Index
.Jantzi Social Index .FTSE4Good Index
.Dow Jones Sustainability Index (DJSI) North American
ESTIMATED SHARE
OWNERSHIP BY REGION1
Canada
United States
Other
4%
16%
80%
ESTIMATED INSTITUTIONAL
SHARE OWNERSHIP BY
INVESTMENT STYLE1
5%
5%
9%
5%
35%
41%
Value
Growth at a reasonable
price (GARP)
Growth Index
Yield
Other
1 Common and non-voting share ownership.
Share facts
.Common and non-voting shares receive the same dividend
.Common and non-voting shares have the same rights and privileges,
with the exception of voting rights
.If federal foreign ownership restrictions were removed, non-voting
shares may convert on a one-for-one basis to common shares.
Registered shareholders1
2010 2009
TELUS common 31,587 32,546
TELUS non-voting 28,012 28,549
1 The Canadian Depository for Securities (CDS) represents one registration and holds
securities for many institutions. At the end of 2010, it was estimated that TELUS
had more than 190,000 non-registered shareholders combined in the two classes
of shares.
Ownership at December 31, 2010
Number of
shares held % of total
TELUS Employee Share Plan 8,463,019 2.6%
Common shares widely held 166,602,444 51.7%
Non-voting shares widely held 147,298,669 45.7%
Total outstanding shares 322,364,132 100.0%
TELUS estimates that approximately 70% of its shares are held by
institutional investors and 30% by retail investors.
Dividend developments
The quarterly dividend for January and April 2011 is 52.5 cents
or $2.10 on an annualized basis. With two dividend increases in
2010, TELUS has increased its dividend seven times over the last
seven years.
In May 2010, TELUS increased its long-term dividend payout
ratio guideline to 55 to 65% of prospective sustainable net earnings.
The guideline provides investors with greater clarity and is a framework
to assess the potential for future dividend increases.
TELUS advises that, unless noted otherwise on our website, all
common and non-voting share quarterly dividends paid since July 2007
are eligible dividends as defined by subsection 89(1) of the Income
Tax Act. Under this legislation, Canadian residents may be entitled
to enhanced dividend tax credits that reduce the income tax other-
wise payable.
10
09
08
07
06
Fourth quarter dividends shown in declaration year. 2010 includes dividend payment
on January 4, 2011.
TOTAL DIVIDENDS TO SHAREHOLDERS ($ millions)
642
521
412
601
584
Dividend reinvestment and share purchase plan
You can take advantage of automatic dividend reinvestment to acquire
additional shares without fees. With this feature, eligible shareholders can
have their dividends reinvested automatically into additional non-voting
shares acquired at market price.
Effective March 1, 2011, under the dividend reinvestment plan, TELUS
will begin open-market purchases of TELUS non-voting shares with
no discount on the purchase price of plan shares. In 2010, TELUS issued
non-voting shares from treasury at a 3% discount from the average
market price.
Under the share purchase feature, eligible shareholders can, on a
monthly basis, buy TELUS non-voting shares (maximum $20,000 per
calendar year and minimum $100 per transaction) at market price
without brokerage commissions or service charges. Non-voting shares
acquired through optional cash payments will also change from treasury
issuance to open-market purchase on March 1, 2011.
Visit telus.com/drisp or contact
Computershare for information and
enrolment forms.
INVESTOR INFORMATION