TLS 0.26% $3.85 telstra group limited

On the assumption that TLS's dividend is slashed to the 28 cps...

  1. 517 Posts.
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    On the assumption that TLS's dividend is slashed to the 28 cps per annum which we have been accustomed to for years,
    at the closing share price today (18/4/2017) of $4.00 per share,
    the yield is 7% pa ($0.28/$4.00), and the grossed up yield is 10% pa [($0.28*10/7)/($4.00)].
    The latter is especially exciting for SMSF in pension phase (where transfer balance cap is <=$1.6m with effect from 1/7/2017).

    Please DYOR.
 
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