Telstra collects dividend for the first time in seven years

Sky News business editor Ross Greenwood says forecasts suggest people will see a “faster growing Telstra” in the future after its final dividend rises to 8.5 cents.

Revenue fell 1.5 percent and net profit fell 4.6 percent, but the final dividend rose 0.5 cent.

This is the first time the complementary dividend has increased in seven years.

“Telstra shares, well, they haven’t started trading yet; they will be strong today despite the fact that these results are lower,” Greenwood said.

“And the reason for that is generally because of that increase in the dividend, which was a surprise.”

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