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.