Email of the day (2)
On Telstra's yield:
"I have been interested in your recent coverage of Telstra Corp, but have difficulty confirming your stated yield of over 13%. My information is that the annual dividend has remained at 28 cents for several years, which at the current SP of around 3.1 dollars, gives a yield of about 9%. Would you please clarify?"
David Fuller's view A search of the site indicated that Eoin
last commented on Telstra (TLS AU) on 9th September 2011:
Telstra
yields 13.16% and has spent the most time above its 200-day MA since 2007. A
sustained move below A$2.90 would be required to question current scope for
additional higher to lateral ranging.
Bloomberg
currently shows the gross yield at 12.78% and net yield at 8.95%. The general
interest point in this email is that as I recall, you could only get the higher
rate as an Australian citizen and that foreign holders would be subjected to
a Withholding
Tax.