The company net earnings were down 7.3 per cent, to $733 million from $791 million a year ago.Telus, meanwhile, saw net income drop by 19 per cent year over year to $353 million, on operating revenue of $3.7 billion.The results offered a window into how the telecom industry is navigating the pandemic, with the overall impression being that the core telecommunications business remains solid and vital, but that social distancing measures and economic turmoil are causing some strain overall.When asked about the fragile small and medium sized business customers BCE serves, chief financial officer Glen LeBlanc said he keeping an eye on cash collections every day.the longer this goes on, Canadians are going to run into their own liquidity challenges, and they going to be looking for reasonable payment terms and payment arrangements, and we going to have to be cognizant of how that impacts reserves, he said. I can assure you, I monitoring that daily. Telus held their dividend steady at $0.29125 per share.the uncertain magnitude, duration and potential outcomes of the COVID 19 pandemic, the Board determined that it would be prudent at this time to sustain the current dividend per share and defer any dividend increase until the release of our third quarter 2020 results in November, Telus said in a news release.Telus chief financial officer Doug French spoke with the Financial Post, and said the company is trying to make sure customers don cancel their service, especially cellphone customers who are currently spending most of their time at home.The Telus building in Toronto.continue to obviously focus on our customer loyalty and churn.
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