TELUS Corporation has announced modifications to its Dividend Reinvestment and Share Purchase Plan (DRISP), effective for dividends payable on April 1, 2026. Under the revised terms, the discount on shares issued from treasury will be reduced to 1.75% of the average market price, down from the previously offered rate. This adjustment represents a narrowing of the equity incentive provided to participating shareholders reinvesting their dividends.
Concurrently, TELUS has clarified the treatment of optional cash contributions under the program. Shares purchased through optional cash payments will be issued at 100% of average market price, eliminating any discount on those transactions. This two-tiered approach maintains a modest incentive for dividend reinvestment while establishing market-price acquisition for supplemental investments.
The modification aligns with broader market trends as telecommunications companies reassess shareholder incentive structures. TELUS joins peer companies in recalibrating DRISP discounts to reflect evolving capital management strategies and shareholder return policies in the sector.