Telstra hikes dividend, pronounces $750m share | Australian Markets
Telstra is raising its dividend and can spend up to $750 million shopping for back its shares after the telecommunications firm grew its first-half revenue by 7.1 per cent.
Telstra on Thursday stated it made $1.1 billion in internet revenue within the first half, after a robust efficiency from its cell business with 119,000 internet new clients.
Its income for the six months to December 31 was up 1.5 per cent to $11.6 billion, with earnings earlier than curiosity, tax, depreciation and amortisation climbing six per cent to $4.2 billion.
“These are a strong set of results, delivering a fourth consecutive year of first-half underlying growth, reflecting momentum across our business, strong cost control and disciplined capital management,” chief govt Vicki Brady stated.
Telstra introduced a 9.5 cent per share totally franked interim dividend, up 5.6 per cent from a yr in the past.
The company will start shopping for back its shares on March 12.
It would additionally spend one other $800 million over the following 4 years upgrading its cell community in partnership with Ericsson, to optimise community management with “self-detection and self-healing properties”.
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