Are Telstra shares good to buy?
Analysts at Goldman Sachs believe that Telstra would be a good option for income investors. Earlier this month, the broker retained its buy rating and $4.00 price target on the company’s shares. … Based on the current Telstra share price of $3.57, this will mean annual yields of 4.5% until FY 2023 and then 5% thereafter.
Is TLS a buy or sell?
But standing away from the detail, the company has almost $15 billion in debt. So it has got a market value of equity and debt of close to $60 billion. And that generates about $3 billion in pretax earnings, and it could generate less. So, it is a sell for us.
Does Telstra pay dividends?
The Telstra dividend policy is to pay a fully franked dividend of between 70 to 90 per cent of underlying earnings from FY18.
How much were Telstra shares when first floated?
In November 1997, the Australian government sold the first tranche of its Telstra shares, 4.29 Billion shares, publicly at a price of $3.40 per share to institutional investors and $3.30 to retail investors.
Which Australian shares pay the highest dividends?
Top 5 ASX dividend stocks to watch in August 2021
- ASX 200 runs hot into August. …
- Cimic dividends. …
- CIM currently has a dividend yield of 4.98%. …
- WOR currently has a dividend yield of 4.46%. …
- GNE currently has a dividend yield of 4.84%. …
- PDL currently has a dividend yield of 4.71%.
How long do I have to hold shares to get dividend?
In the simplest sense, you only need to own a stock for two business days to get a dividend payout. Technically, you could even buy a stock with one second left before the market close and still be entitled to the dividend when the market opens two business days later.
What date does Telstra pay dividends?
Investors cheered on Telstra’s returns to them as shares rose 3.7 per cent to $3.97 by mid-afternoon trade on Thursday. The dividend has a record date of August 26 and payment date of September 23, with the on-market buy-back likely to start in mid-September.
Do I have to pay tax on fully franked dividends?
Dividends paid to shareholders by Australian resident companies are taxed under a system known as ‘imputation’. … The basis of the system is that if a company pays or credits you with dividends which have been franked, you may be entitled to a franking tax offset for the tax the company has paid on its income.
Is Telstra owned by China?
The telco is owned by Irish billionaire Denis O’Brien, who sources warned may be using the perceived threat of a China takeover to force Australia to bid up the value of his assets. … Australian Strategic Policy Institute head Peter Jennings welcomed Telstra’s interest in Digicel.
Is Telstra the worst company in Australia?
Telstra can certainly be a pack of bastards but they aren’t the worst company in Australia. Hell, they aren’t even the worst company in telecommunications.
Does Telstra own all phone lines?
Telstra owns and operates the network of copper wires that is currently used to carry most telephone calls and internet traffic within Australia over fixed telephone and broadband connections. Mobile services are provided over different networks.