Telus announces dividend cut and asset sales under new CEO

Telus Corp. has cut its annual dividend by about 55 percent and announced plans to sell assets as new chief executive Victor Dodig moves to reduce the company's debt and strengthen its balance sheet.According to Bloomberg, the lower dividend will save the company about C$2.7…

Canadian telecommunications company Telus Corp. slashed its dividend by 55% and will try to unload assets, including parts of its health division, as new CEO Victor Dodig looks to repair the balance sheet.