Telstra (TLS) shareholders received welcome news this morning with the telco giant revealing a boost to annual dividend after it revealed a solid profit for the year to June.
Telstra told the ASX it made a net profit of $4.23 billion in the year to June 30, and will increase its full year dividend to 30.5 cents a share, up a cent.
That was after an interim dividend of 15 cents a share (up from 14.5 cents the previous year). The final is up to 15.5 cents a share.
Telstra also indicated that it would allow shareholders to reinvest their final dividends in the dividend reinvestment plan which will remain open until August 28.
TLS 1Y – Telstra meets expectations, lifts dividend
The profit was struck on revenue of $26.6 billion, while earnings before interest, taxation, depreciation and amortisation rose 2% to $10.75 billion (that’s excluding the sale of the CSL business).
Whilst the profit fall of 1% from the previous year, that was after the sale its CSL mobile business in Hong Kong during the year.
Telstra’s mobile subscriber base grew by 298,000 to 16.7 million as of June 30, 2015.
Telstra has forecast low single digit growth in earnings for the 2015-16 year and mid-single digit growth in income.
TLS Results Video
