look up announcements for TLS from the ASX website or your online broker if you have one:
"Telstra’s Board of Directors declared a final ordinary dividend of 14 cents per share, fully franked and payable on 21st September 2007. This brings the total ordinary dividend declared and paid for the year to 28 cents per share, or $3.5 billion."
you need to hold TLS until the ex date to receive the dividend, after the ex date the shares will fall as the div is no longer attached to them.
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