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Telus Corp.

09:42 AM EST - Telus Corp. : reported second-quarter net income of $244 million or $0.77 per basic share, compared to $268 million or $0.83 per basic share in the same quarter of last year. Net income and EPS this quarter included favourable income tax-related adjustments of approximately $19 million or six cents per share, respectively. Excluding the income tax-related adjustments, net income and EPS were down 16% and 14%, respectively. Operating revenues for the quarter were $2.38 billion, compared to $2.40 billion in the prior-year quarter. The company said that its board has declared a quarterly dividend of $0.475 per share on the issued and outstanding Common shares and $0.475 Canadian per share on the issued and outstanding Non-Voting shares of the Company payable on October 1, 2009 to holders of record at the close of business on September 10, 2009. Telus Corp. shares T.T are trading even at $30.76.