The Telstra Corporation Ltd (ASX: TLS) share price is edging lower amid the company paying out its latest dividend today.
The telco provider’s shares are currently down 0.63% to $3.935 apiece.
In context, the S&P/ASX 200 Index (ASX: XJO) is also hovering in negative territory during Friday morning trade. The benchmark index is down 0.22% to 7,483.3 points.
Telstra pays out interim dividend
On 17 February, Telstra reported a relatively sound performance in its half-year results for the 2022 financial year.
In summary, revenue fell 4.4% to $10.5 billion when compared against the prior corresponding period.
In addition, statutory earnings before interest, tax, depreciation, and amortisation (EBITDA) backtracked 14.8% to $3.5 billion.
While both metrics represented a decline, in H1 FY21, the company’s revenue was boosted by a number of one-offs. This included the sale of the Velocity and South Brisbane exchange assets.
Nonetheless, the board declared a fully franked interim dividend of 8 cents per share to be paid on 1 April (today). This remains unchanged from the previous interim dividend distributed to shareholders last year.
When calculating against the current share price, Telstra is trailing on a dividend yield of 4.06%.
Investors who elected for the dividend reinvestment plan (DRP) will see a number of shares added to their portfolio. This was based on the volume weighted average price from 7 to 11 March, which resulted in $3.86 per share.
No DRP discount rate was offered to shareholders.
Telstra share price summary
While moving in circles during recent times, the Telstra share price has lost around 5% in 2022.
When looking at the last 12 months, its shares have travelled the other way to post a gain of 16%.
Telstra has a price-to-earnings (P/E) ratio of 26.48 and commands a market capitalisation of roughly $46.38 billion.
The post The Telstra dividend is being paid today. Here’s what you need to know appeared first on The Motley Fool Australia.
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More reading
- 5 things to watch on the ASX 200 on Friday
- What helped boost the Telstra share price on Thursday?
- Here are the 3 most heavily traded ASX 200 shares this Thursday
- ASX 200 (ASX:XJO) midday update: Telstra CEO steps down, Fortescue confirms E.ON deal
- What you need to know about the new Telstra CEO
Motley Fool contributor Aaron Teboneras owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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