Canada's Telus posts sharp jump in profit, ups dividend

Thu May 9, 2013 8:58am EDT
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TORONTO (Reuters) - Telus Corp (T.TO: Quote), a major Canadian telecom company, posted a 13 percent rise in quarterly profit on Thursday, helped by strong growth in its wireless business, and increased its dividend payout and extended its attractive payout policy into 2016.

The Vancouver-based company said it had net income of C$362 million ($360.97 million), or 56 Canadian cents a share, in the three months to the end of March, compared to C$319 million, or 49 cents a share, a year ago.

Operating revenue rose 5 percent to C$2.76 billion.

($1 = $1.0029 Canadian)

(Reporting by Alastair Sharp; Editing by Jeffrey Hodgson)

A Telus retail store is seen in downtown Montreal, June 21, 2007. REUTERS/Shaun Best