Telus board approves two-for-one stock split

VANCOUVER – Telus says board approval of its two-for-one stock split of its common shares will enhance its trading liquidity and improve share affordability. The move will double the number of shares outstanding to approximately $653.6 million, but cut each one’s price in half. “This two-for-one stock split builds on Telus’ excellent track record in respect of shareholder friendly initiatives. Notably, it will enhance our share trading liquidity and improve the affordability of our shares for retail investors,” said Darren Entwistle, president and CEO, Telus, in a release. On April 16, 2013, Telus shareholders will receive one additional share for...