Passive Income: One of the Best Dividend Canadian Stocks to Buy Right Now
TELUS (TSX: T) (NYSE: TU) pays 4.5% dividend, helping retirees earn passive income. It offers a range of telecommunications services in Canada. In the first half of 2021, the COVID-19 pandemic had a significant impact on TELUS ‘activities, mainly in the first half of the year. The gradual reopening of the global economy and the industries in which TELUS operates should increase profits.
Reliable connected experience
During the global pandemic, TELUS has made the health and safety of the company’s customers a priority while redoubling its efforts to deliver a reliable connected experience across the company’s entire service portfolio. In this regard, the TELUS team quickly pivoted the company’s operations to keep customers safe at home, in-store and online. Notably, TELUS has enabled 95% of the company’s global team members to continue supporting the company’s customers remotely.
Additionally, TELUS ‘industry-leading virtual installation, repair processes and in-store protocols have created a safe environment for customers and corporate team members. TELUS ‘pandemic planning framework has been shared with over 500,000 business customers, allowing customers to benefit from the processes and research performed by TELUS’ team of business and medical experts.
Virtual work solutions
In addition, TELUS has also equipped more than 6,400 businesses across Canada with virtual work solutions and launched an award-winning campaign to support and promote small businesses across Canada. The company team has worked tirelessly to strengthen its network infrastructure to ensure it can handle four times the network traffic compared to the company’s busiest day before COVID-19, allowing Canadians to work, learn, socialize, access entertainment and transact. online securely from your home.
To put this into perspective, TELUS ‘efforts to support corporate networks throughout COVID-19 were akin to supporting traffic at the Super Bowl level, every day. The company also increased its digital platform to support 15 times the usual traffic, allowing people to access TELUS online when traditional channels were disrupted by blockages. This initiative supported a 50% growth in digital transactions at the end of the year.
State-of-the-art network infrastructure
The swift and thoughtful actions of the TELUS team in supporting Canadians throughout the pandemic were underpinned by the company’s cutting-edge network technology. Since 2000, the company has invested more than $ 200 billion in state-of-the-art network infrastructure and operations, supporting the continued expansion of the company’s 5G networks. This investment resulted in TELUS ‘wireless network being recognized in three major independent network reports in 2020.
Several online communities have highly recognized TELUS for providing its services. For example, Opensignal ranked TELUS as having the fastest network in the world and again in February 2021 for the ninth time, while Ookla recognized TELUS ‘mobile network as the fastest and most extensive in scale. national in 2020 and again in February 2021 for the seventh time. Canadian company Tutela also ranked TELUS first for quality, latency and download speed nationwide for the second year in a row.
At a time when social, economic, health and educational ties have become more important than ever, this recognition has greatly helped TELUS ‘business. TELUS also provides world-class connectivity to rural communities. This should help the company’s profitability next year, once the pandemic subsides.
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The Motley Fool recommends TELUS CORPORATION. Foolish contributor Nikhil kumar has no position in any of the stocks mentioned.