Five 6% yields plus Telstra

Financial journalist and commentator on 3AW and Sky Business
Print This Post A A A

The shock-and-horror reaction during the recent reporting season, when Telstra warned the market to expect lower dividends in future, says it all about Australian investors' love of share dividends.

Telstra tumbled from $4.33 to $3.87 on the news – a fall of 10.6% – and has continued to slide, to $3.65, taking the company’s loss of value close to 16%.

Not all of that market reaction can be sheeted home wholly to the lower dividend news, but it certainly did not go down well.

Also from this edition