Telus Cuts Dividend By 55% As New CEO Aims To Repair Balance Sheet
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Canadian communications company Telus Corp. slashed its dividend by about 55% and will try to unload assets, including parts of its health division, as new CEO Victor Dodig looks to repair the balance sheet.
The decision comes amid pressure to cut debt, marking a significant shift in the company's financial strategy under Dodig's leadership.
TelusVictor Dodig
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“Canadian communications company Telus Corp. slashed its dividend by about 55% and will try to unload assets, including parts of its health division, as new CEO Victor Dodig looks to repair the balance sheet.”
Bloomberg — Telus Cuts Dividend, Plans Asset Sales as New CEO Makes His Mark