Following on from this... I wonder what the average purchase...

Following on from this...

I wonder what the average purchase price is for Telstra holders?
It's all good you use the current low price and say ... look we are getting 9.08% gross yield.
That is if your purchase price is $3.46.

I can tell you my average is $3.883 and therefore my yield is lower at 8.09%.

If we take TLS price of $6.16 on 15 Sept 2000. ( pick this date because all dividends after that date is 100% franked )

We have total dividends paid of $4.96 ( $7.086 unfranked ) over 17 years.

Gives us an average non-compounding annual yield of 6.77%.
And a capital loss of $2.7 per share.

If we , for argument sake, deduct that loss from the yield.
Our new effective yield is 4.18%.

So.... you are giving TLS your capital and asking them to slowly pay it back to you and charging them 4.18% interest.... lol. Over the historical time period I wonder, maybe you would have been better off with a bank account? Only recently has cash rates become very low. But maybe a low cash rate is still better than capital loss.

Hardly stellar for a loooooooong term holder. In fact in terms of opportunity cost it is shocking....