Motley Fool's Article, page-68

Still missing the point.
Why growth?
Why not GROW EPS by buying back shares with a stupid amount of unused capital and ridiculously cheap debt?
Obviously TLS can't grow total revenue by much because it is an absolute behemoth and cash generating machine.
To put it into perspective for a company in America to reach the equivalent of TLS in Australia it would have a market cap of $500billion and yield almost 11% (for equivalent after tax return).
It's a utility with a monopoly position and owns the infrastructure the NBN is being built in LOL.
Full year numbers will have dividend well and truly covered.
Last time your line about 100%+ payouts was being spouted was when TLS was around $2.60, it's starting to feel like Déjà vu all over again
Absolutely agree TPM has strong growth prospects that's why I have both TLS and TPM, got my growth AND yield sorted