Displaying items by tag: Dividends

Telstra has announced an increased dividend for the first time in seven years, despite reporting a drop in income and profit for FY22, according to its results released on Thursday.

Australian-listed business technology solutrions provider Data#3 says its expected unaudited consolidated net profit before tax for the 2021 financial year is approximately $36.8 million - an increase of 8% on $34.1 million for the full year 2020.

In a somewhat surprising display of generosity, Telstra has paid out more as dividends to its shareholders compared to its net profit for the year 2019-20.

Shares of Australia's biggest telecommunications company have been hammered this morning after the announcement that it would be cutting its dividends by 30% from next year onwards.