Telstra boosts dividend amid profit slump
Telstra (ASX:TLS) has lifted its final dividend for the 2023-24 financial year to nine cents a share, despite a 13% drop in profit due to higher costs resulting from job cuts and restructuring.
Read MoreTelstra (ASX:TLS) has lifted its final dividend for the 2023-24 financial year to nine cents a share, despite a 13% drop in profit due to higher costs resulting from job cuts and restructuring.
Read MoreFund Manager Chris Pedersen discusses James Hardie Industries, Aristocrat Leisure, GrainCorp and Telstra Group and copper.
Read MoreTelstra (ASX:TLS) embarked on a significant investor pitch on Tuesday, unveiling cost reductions and other adjustments to reset its troubled Enterprises division.
Read MoreTelstra (ASX:TLS) shareholders will receive a better-than-inflation 5.9% increase in interim dividends to 9 cents per share, despite the telecommunications company acknowledging the need for work on issues within its key NAS (network applications and services) division.
Read MoreFund Manager Chris Pedersen discusses bank reporting, Telstra, News Corp and Mirvac Group.
Read MoreTelstra (ASX:TLS) announced a significant 13% increase in net profit, amounting to $2.1 billion, for the fiscal year ending on June 30. Shareholders will witness a 3% rise in the full-year payout, reflecting a portion of this improvement.
Read More20 Jul 2023 – Telstra (ASX:TLS) has confirmed its decision to cut 472 jobs in an effort to automate operations and better compete with software-based communications firms.
Read MoreTelstra (ASX:TLS) and TPG Telecom (ASX:TPG) will not be able to share infrastructure across regional Australia, as the competition tribunal upheld the decision to block the deal.
Read MoreLucas Goode explains why IML sees Telstra as the dominant telecom player that is well-placed to provide attractive returns to investors in years to come.
Read MoreThursday’s ASX session saw investors seeming to prefer the results announced by NAB and Telstra to that of fallen financial giant AMP, whose shares fell more than 13% on the day.
Read MoreFull year profits at Telstra fell 4.6% to $1.81 billion for the year to June, with the company lifting its final dividend for the first time in seven years to 8.5 cents per share.
Read MoreThursday was a three from three day for Telstra, with two favourable ACCC decisions and a successful end to their lengthy efforts to expand into telecoms in the South Pacific.
Read MoreWhile most of the focus Wednesday was on the fallout from the federal budget, a couple of non-related announcements from Crown Resorts and Telstra caught our eye.
Read MoreA day after revealing a new corporate structure for the next few years, Telstra has announced that CEO Andy Penn will retire and be replaced by current chief financial officer Vicki Brady.
Read MoreAnother busy day on the Australian bourse. Here’s the latest from some of the companies at the bigger end of town – Woodside Petroleum, Wesfarmers, Telstra and South32.
Read MoreMorgans makes immaterial EPS forecast changes. The target price rises to $4.56 from $4.55 and the Add rating is maintained.
Read MoreAustralian taxpayers will provide $1.9 billion to Telstra to help it buy South Pacific telco operator Digicel, with the company looking to finalise the deal within the next six months.
Read MoreShareholders in Vita Group are set to receive a special dividend of up to 45c a share thanks to the decision to sell its retail telco business to Telstra for $110 million.
Read MoreThe Add rating is retained and the target price increases to $4.44 from $4.34.
Read MoreThe Outperform rating is retained and the target price increases to $4.35 from $4.15.
Read MoreTelstra is looking to slash another $500 million from its cost base over the next three years with its new T25 strategy, a stepped-up campaign to further drive revenue and earnings.
Read MoreTelstra shares briefly touched $4 yesterday for the first time in more than four years, on the back of a solid set of figures for 2020-21, along with a $1.4 billion dividend payout.
Read MoreNeutral rating and $3.90 target maintained.
Read MoreTelstra has confirmed that it is in talks with the Federal government on a joint bid for some key telco assets in the South Pacific that could frustrate China’s efforts to snatch the mobile phone assets of Digicell.
Read MoreThe broker has lowered the rating on Telstra Corp to Neutral and the price target increases to $3.90 from $3.70.
Read MoreThe rating is upgraded to Add from Hold and the target price rises to $4.19 from $3.33.
Read MoreTelstra snuck in the sale of 49% of its transmission and communications towers on the final day of its 2020-21 financial year, raising a handy $2.8 billion from the sale with half going to shareholders.
Read MoreThe end of Telstra as we know it as the company confirmed yesterday the shape of the previously announced plan that would see it splitting itself into four component parts.
Read MoreThe positive results from core shareholdings for 2021 FY reiterate why Investors Mutual invests in good quality, well-established businesses which produce real cashflows, earnings, and dividends.
Read MoreTelstra shares closed slightly higher yesterday as it maintained its dividend in the face of more pressures on its businesses in the six months to the end of December.
Read MoreTelstra continues its battle to cope with COVID, the rapidly changing marketplace and competition, as well as the NBN.
Read MoreTelstra’s share price performance has been lacklustre over the last few years. So what does IML find attractive about Telstra, and why have they increased their holdings over the last three to six months?
Read MoreThe broker suggests Telstra’s share price has languished below $3 due to bearishness around dividends, infrastructure valuation and mobile competition. The dividend payout has since been confirmed, and yesterday’s announced tower spin-off will crystalise value.
Read MoreTelstra plans to split itself into three separate business units in a restructure that paves the way for the telco to spin off its infrastructure assets. It’s the biggest corporate change since the government started taking Telstra private in 1997.
Read MoreIn a separate but linked statement delivered to its investor day on Thursday, Telstra reaffirmed its profit forecasts for financial year 2021, a move that suggests the company has survived the COVID-19 pandemics and lockdowns without a major hit.
Read MoreTelstra chairman John Mullen has given shareholders a guarded assurance that the telco is committed to maintaining the 16 cent dividend payment.
Read MoreCredit Suisse suspects the NBN investment to upgrade 6.0m premises to speeds close to 1.0GB per second at a cost of $3.5bn while significant should have a limited impact on service providers and higher access costs are likely to be passed through to end-users.
Read MoreTelstra will pay a final unchanged dividend of 8 cents a share to shareholders. That makes a steady 16 cents a share payout for 2019-20. But that didn’t impress the market which instead focused on forecasts for sharp falls in revenue and earnings.
Read MoreUBS now assumes Telstra cuts the dividend to $0.14, potentially from the second half of FY20. Long-term forecasts for earnings per share are unchanged at $0.18.
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