5 Best Dividend Stocks According to Billionaire Ray Dalio

3. TELUS Corporation (NYSE: TU)

Value: $257,000
Percent of Ray Dalio’s 13F Portfolio: 0.001%
No. of Hedge Fund Holders: 14

TELUS Corporation (NYSE: TU) is a telecommunications company that offers various services, including internet, data, voice, and wireless services, to consumers and business clients in Canada. The company recently announced plans to launch an equity offering through which it plans to raise C$1.3 billion.  It also revealed that sale proceeds will be invested into the expansion of broadband connectivity, including 5G and fiber connections.

TELUS Corporation (NYSE: TU) expects the investment to boost its competitive position in the fast-paced internet services industry. It plans to pump between C$500 million and C$750 million of the funds raised in the offering into planned investments in 2021. The company hopes that the investment will boost efficiencies and facilitate rapid revenue growth from its broadband program. The public offering and broadband expansion plans will allow Telus to maintain its performance as one of the best dividend stocks.

Telus released its Q4 2020 financials earlier this year, revealing that it earned C$4.06 billion, a 5.2% YOY gain. Its Non-GAAP EPS was C$0.22 per share, while its GAAP EPS was C$0.20.