Are its shares good value? In addition to offering investors a generous yield, Goldman Sachs sees value in Telstra shares at the current level. Its analysts have a buy rating and $4.20 price target on them at present. This implies potential upside of 11% over the next 12 months.
What is the dividend yield for Telstra?
The board of Telstra Corporation Limited (ASX:TLS) has announced that it will pay a dividend on the 23rd of September, with investors receiving AU$0.08 per share. Based on this payment, the dividend yield will be 4.1%, which is fairly typical for the industry.
What is Telstra’s dividend policy? The Telstra dividend policy is to pay a fully franked ordinary dividend of between 70 to 90 per cent of underlying earnings from FY18.
Does Telstra pay dividends?
The dividend has a record date of August 26 and payment date of September 23, with the on-market buy-back likely to start in mid-September. All in all, Telstra will pay out $2.3 billion.
Is Telstra a good long term investment?
Are its shares good value? In addition to offering investors a generous yield, Goldman Sachs sees value in Telstra shares at the current level. Its analysts have a buy rating and $4.20 price target on them at present. This implies potential upside of 11% over the next 12 months.
How often are Telstra dividends paid?
Dividend Summary
There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 2.0.
Shareholders who are customers may also be able to receive a Telstra Pensioner Discount on their eligible Telstra fixed line service if they have a valid Pension Concession Card issued by the Department of Human Services (Centrelink) or Department of Veterans Affairs (DVA).
Computershare
- Phone 1300 850 505 (in Australia) or 03 9415 4000.
- Fax 03 9473 2500.
- Post GPO Box 2975 Melbourne VIC 3000.
- Email web.queries@computershare.com.au.
How to buy shares in Telstra Corporation
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- Open and fund your brokerage account. …
- Search for Telstra Corporation. …
- Purchase now or later. …
- Decide on how many to buy. …
- Check in on your investment.
Share price development
In November 1997, the Australian government sold the first tranche of its Telstra shares, 4.29 Billion shares, publicly at a price of $3.40 per share to institutional investors and $3.30 to retail investors. This sale is commonly referred to as “T1”.
In the simplest sense, you only need to own a stock for two business days to get a dividend payout. Technically, you could even buy a stock with one second left before the market close and still be entitled to the dividend when the market opens two business days later.
A discount card for shareholders is not currently planned because we believe that the fairest and best way to reward shareholders is by providing a satisfactory return to shareholders through the payment of dividends and a strong share price. Coles Group reports are provided in Adobe® Acrobat® format.
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