I guess you're right.
I've fallen for the trap of buying for the dividend before. Effective price for buying now is $3.85 - grossed up dividend (if selling within 12 months) = 3.63 hence yield approx 8.6% grossed up at 22c divi. It's not just a matter of whether the price will fall below $3.63 ex-div - it's whether to throw more money at Telstra!
Of course the downtrend since Feb 2015 continues and there's no sign of a reversal.....
Where to now for long term investors of Telstra, page-157
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Last
$3.89 |
Change
0.040(1.04%) |
Mkt cap ! $44.94B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.89 | $3.86 | $49.43M | 12.74M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25565 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 580982 | 45 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |