07:34 AM EDT, 05/09/2025 (MT Newswires) -- Telus ( TU ) on Friday said first-quarter adjusted net income fell less than 1% and beat estimates. The company also hiked its dividend by 7%.

Adjusted net income dipped to $388 million, or $0.26 per share, from $390 million, or $0.26 per share, in the prior-year period, topping FactSet's consensus analysts' estimate of $0.22 per share.

Quarterly revenue rose 3% to $5.1 billion, slightly above analyst forecasts of $5 billion. Telus ( TU ) added 218,000 mobile and fixed customers, up 9,000 over last year.

Telus ( TU ) will pay the higher dividend of $0.42 per share on July 2.

The company also reaffirmed its 2025 financial targets.