Seems like a good conservative approach to capital management to me.
They state they will no longer borrow to pay dividends, that's a plus.
They are not buying back shares at this stage, That's a plus, the price is too close to fair value to be a good use of the capital.
No special dividend due to not enough franking credits, I think that's a plus too, not returning capital to shareholders unless it has maximum benefit to them.
You don't want management throwing money around without a care.
Ann: Telstra Investor Update , page-6
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Last
$3.89 |
Change
0.025(0.65%) |
Mkt cap ! $44.83B | |||
| Open | High | Low | Value | Volume |
| $3.88 | $3.89 | $3.86 | $24.59M | 6.342M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 105 | 228826 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 651419 | 96 |
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| Last trade - 14.00pm 14/10/2024 (20 minute delay) ? |
| TLS (ASX) Chart |