11:52 AM EST, 02/13/2025 (MT Newswires) -- TELUS ( TU ) on Thursday reported an 11% increase in fourth-quarter adjusted profit on higher revenue.

Adjusted earnings, excluding most one-time items, rose to $380 million, or $0.25, up from $341 million, or $341 million. The results beat the FactSet consensus non-GAAP EPS estimate of $0.22 for the quarter.

Operating revenues and other income rose 3.5% to $5.38 billion from $5.20 billion.

Adjusted EBITDA edged lower by 0.6% to $1.84 billion from $1.85 billion.

TELUS ( TU ) attributed earnings growth to higher service revenue and higher other income from real estate and copper monetization in the TELUS ( TU ) technology solutions segment, offset by lower service revenue in the TELUS ( TU ) digital experience segment.

The board declared a quarterly dividend of $0.4023 per share, payable on April 1 to holders of record at the close of business on March 11. The dividend is 7% higher than the year-ago payout.

TELUS ( TU ) shares were last seen up $0.56 to $21.42 on the Toronto Stock Exchange.

Price: 21.41, Change: +0.55, Percent Change: +2.64