Hi Geepeem I read your comment re special divi of 12.5c and I...

Hi Geepeem
I read your comment re special divi of 12.5c and I cant find any information on that the only info I found is;-

Telstra’s CEO Andrew Penn said: “I am pleased that we are able to confirm such a significant capital management program as the result of active management of our investment portfolio. Given our recent announcement of the sale of Autohome shares, we believed it was important to provide the market with further information about how we intend to use those funds.”
What the company didn’t tell shareholders, however, was the exact nature, amount, and timing of the initiative (although it did say it would be sometime in the first-half of the 2017 financial year). The remaining details will be announced at the group’s full-year results presentation on 11 August 2016 – a 101-day wait for investors.

Read more

http://www.********.au/2016/05/02/s...corporation-ltd-to-receive-extra-1-5-billion/

do you know if Telstra has enough credits available to issue a special divi?
if it turns out that telstra does not have enough credits I would then think the prospect of special divi is slim but a share buyback is definitely on the table

could you please share the info relating to special divi of 12.5 cents