Divided We Stand on Telstra Dividends
Market scepticism regarding the sustainability of Telstra's dividends remains a roadblock to its shares reaching our AUD 4.40 fair value estimate. We are not as concerned. We see the rebased dividend per share of AUD 0.16 forecast for fiscal 2019 continuing until fiscal 2022, the expected earnings low-point year marking the end of the National Broadband Network rollout and the start of its maximum margin-crunching impact.Our view is not based on outlandish expectations for fiscal 2022. Aggregat...
Telstra is engaged in providing telecommunications and information services for domestic and international customers. Co.'s operating segments are Telstra Retail, Global Enterprise and Services, Telstra Operations, and Telstra Wholesale. As of June 30 2016, Co. provided retail fixed data services to 3.4 million customers, retail fixed voice services to 5.7 million and domestic retail mobile services to 17.2 million customers.
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