"That is better than any grossed up yield from the four major banks" quote from OP.
But you cannot compare a share investment to a bank term deposit. It is a faulty comparison as proven by the declining share price of TLS over the last three years, despite the yield.
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TLS
telstra group limited
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0.60%
!
$4.93

Telstra is in a yield sweet spot, page-5
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Last
$4.93 |
Change
-0.030(0.60%) |
Mkt cap ! $56.12B |
Open | High | Low | Value | Volume |
$4.95 | $4.97 | $4.92 | $38.13M | 7.721M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
82 | 159221 | $4.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.94 | 358011 | 70 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
76 | 125811 | 4.930 |
63 | 278574 | 4.920 |
19 | 144170 | 4.910 |
35 | 178845 | 4.900 |
13 | 256383 | 4.890 |
Price($) | Vol. | No. |
---|---|---|
4.940 | 431097 | 72 |
4.950 | 236645 | 37 |
4.960 | 189388 | 22 |
4.970 | 200401 | 25 |
4.980 | 363123 | 30 |
Last trade - 15.32pm 21/07/2025 (20 minute delay) ? |
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TLS (ASX) Chart |