Monday, 20 November 2017

Telstra shares slide on dividend cut

By Mary Lennighan, Total Telecom
Thursday 17 August 17

Australian operator expects 22 cents-per-share dividend next year, from FY2017 payout of 31 cents.

Telstra on Thursday reported a relatively unremarkable set of full-year financial results, but the market reacted badly to its new dividend policy, which will see payouts cut by around a third next year. The Australian incumbent posted revenue of A$26.01 billion (&euro…

Telstra on Thursday reported a relatively unremarkable set of full-year financial results, but the market reacted badly to its new dividend policy, which will see payouts cut by around a third next year. The Australian incumbent posted revenue of A$26.01 billion (&euro…

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