Article content“Telus does not have to cut its dividend … but it should.” That’s the assessment of Desjardins Group analyst Jerome Dubreuil, who said in a note on March 26 that with a new chief executive in place the timing is right to rewire how capital is allocated. Telus Corp.‘s (T:TSX) balance sheet isn’t in trouble but the dividend payout ratio is slated to remain above 100 per cent for several years, Desjardins estimated. Dubreuil said a 35 per cent cut to the dividend and ending the discounted divide ...