5 Under-the-Radar High Dividend Stocks to Buy Now

3. TELUS Corporation (NYSE:TU)

Dividend Yield as of March 18: 9.27%

On March 16, Xanadu Quantum Technologies and TELUS Corporation (NYSE:TU) announced plans to work together on building sovereign quantum computing infrastructure in Canada. The two companies also plan to explore the development of a quantum data centre integrated with TELUS’ secure, Canadian-controlled infrastructure.

Under a newly signed MOU, the companies will look at how quantum processors can be combined with high-performance computing systems. The goal is to create a sovereign hybrid quantum–classical computing setup in Canada, one of the first of its kind. The collaboration brings together Xanadu’s work in photonic quantum computing with TELUS’ experience in AI, data centre operations, and its nationwide PureFibre network. The aim is to give Canadian businesses, researchers, and government organizations secure access to next-generation computing tools. These systems are expected to support advances in areas such as AI, drug discovery, materials science, cybersecurity, and national security, while keeping sensitive data within Canada.

Quantum computing is still developing, but it is already seen as a major shift in technology. Many in the field view hybrid systems, where quantum and classical computing work together, as a practical way to scale these capabilities.

TELUS Corporation (NYSE:TU) is a communications technology company with operations in more than 45 countries. It generates over $20 billion in annual revenue and serves more than 21 million customer connections across consumer, business, and public sector markets.