Telstra vague on dividend policy

Tesltra refused to clarify its dividend policy after announcing a 26 per cent fall in net profit to $4.3 billion. The company has had to borrow to pay the final dividend and may have to borrow to pay dividends next year. Telstra said it would pay a final dividend of 14 cents and a special dividend of six cents. Telstra shares trade at a yield of seven per cent.

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