Telus Dividend Increase

I'm getting a pay raise!

Telus has just announced that they are increasing their dividend from $0.45 to $0.475 per quarter. That's only a 5.5% increase, but considering the current state of the markets, it's nothing to sneeze at.

I own Telus through the Dividend ReInvestment Plan, so I can purchase more shares of the company without paying any fee. Furthermore, the increased dividends are used to automatically buy more shares of the company.