Telus raises dividend, announces deal to buy Lionbridge AI for $1.2 billion
Nov 6, 2020 | 5:23 AM
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VANCOUVER — Telus Corp. raised its dividend as it reported its third-quarter revenue grew compared with a year ago, but its profit fell.
The company says it will now pay a quarterly dividend of 31.12 cents per share, up from 29.125 cents per share.
Telus also announced a deal to buy Lionbridge AI, a provider of crowd-based training data used in the development of AI algorithms, for $1.2 billion.
The announcements came as Telus says its net income attributable to common shares fell to $307 million or 24 cents per share for the quarter ended Sept. 20 compared with a profit of $433 million or 36 cents per share a year ago.
