Telstra has slashed its dividend for the current financial year as it looks to take on the earnings headwinds presented by the National Broadband Network and transform its business.
Over the 2017-18 year Telstra expects to pay total dividends of 22¢. This includes both ordinary and special dividends to be paid as a result of one-off payments from NBN.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
