Ukraine Conflict: 1 TSX Stock to Help Donate Dividends

Many of us feel impotent about the Ukraine conflict, but you can help. By investing in this TSX stock, you can use your dividends to donate today.

Amy Legate-Wolfe

Author Bio

Amy became interested in investing in 2018 after having her first daughter. After receiving a masters degree in journalism from Western University, she became frustrated that the finance industry remained a confusing place for Canadians like her: new parents, millennials, and other young people who needed to understand their finances. Now, Amy focuses on tech companies and renewable energy for growth opportunities, coupling that with long-term investing strategies and equities. She also provides investors with a daily newsletter, Canada Stock Digest, for daily market updates. Her work can also be found at Canada's National Observer, where she writes on the business side of climate action. Before joining Motley Fool Canada, Amy wrote for major news organizations including HuffPost, CTVNews.ca, and CBC. When she’s not researching investing strategies, Amy’s time is pretty much monopolized by her two wild daughters, but in what little spare time she has she loves to do yoga, go on walks with her dog, and travel with her husband.

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Favorite Investment Quote

“October: This is one of the particularly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” – Mark Twain

Published March 3, 2022 2:11 pm EST

The Canadian government recently stated that any donations made to the Ukraine conflict would be 100% matched, up to $10 million. This has led to an enormous influx of donations by Canadians and corporations alike. But not everyone can afford to take out their savings and start donating.

That’s why today I’m here to help you donate and reach that government goal, but still keep your savings safe. There are always ways to help, and money is really what’s needed most. So here’s how you can use dividends to donate to the Ukraine conflict.

money cash dividends — Image source: Getty Images

Choose the right TSX stock

If you’re looking to donate your dividends to the Ukraine conflict, you want to get the best bang for your buck. Right now, that simply has to be TELUS (TSX: T)(NYSE: TU). TELUS recently made an announcement that it would commit $2 million toward the Ukraine conflict. This will be given to the Canadian Red Cross, Save the Children Canada, and other charities.

Also, this is on top of the already donated $500,000 by TELUS. This came from the company, along with team members, through donation matching and more. The effort is through the TELUS Friendly Future Foundation. And there is even more the company continues to offer.

If you’re calling to Ukraine, long-distance charges are waived for texts and calls. Already in Ukraine? Roaming fees are gone. You can also use TELUS stock rewards to donate as well, along with the text-to-donate program. So the company has really made some great moves to help Ukraine.

Still a great stock

What’s more, TELUS stock continues to perform well, trading at 52-week highs as of writing. Shares are up 24% in the last year, trading at a fairly valued 26.60 times earnings as of writing. The company continues to benefit from its expansion program, 5G rollout, and wireline network which it managed to get in before the pandemic.

Then of course comes the dividend. If you’re wanting to donate those dividends to the Ukraine conflict, TELUS stock has a 4.09% yield as of writing. That comes to $1.31 per share per year, coming out on a quarterly basis.

So let’s say you wanted to put $20,000 into TELUS stock today. That would give you about 617 shares as of writing. You could therefore put aside $808.70 in dividends each year, or about $202 per quarter toward the Ukraine conflict. If you want to go even further, you could use your returns as well. If you were to buy 617 shares and see them grow another 23% in the next year, you could have returns of $4,680 in the next year!

Bottom line

You don’t have to put your finances at risk to help those in need during this Ukraine conflict. And dividends aren’t the only way you can help. Donations such as diapers, clothing, women’s sanitary products, and baby food are all in desperate need as well. But if you want to put money aside, this is a fast and effective way to help the Canadian government reach its $10 million goal.