Telstra Aims to Grow Dividends, Return Excess Cash to Shareholders
16 9월 2021 - 8:15AM
Dow Jones News
By Stuart Condie
SYDNEY--Telstra Corp. Ltd. aims to increase its dividend and
return excess cash to shareholders as key components of the
Australian telecommunications firm's new capital management
framework.
Australia's No.1 communications provider by market share said it
was confident of maintaining its current annual payout of 16
Australian cents (11.7 U.S. cents) per share, and was focused on
growing earnings to maximize dividend imputation. It aims to grow
the dividend over time.
Telstra said it was targeting annual underlying
earnings-per-share growth in the high teens from the 2023 fiscal
year through fiscal 2025, with underlying earnings before interest,
tax, depreciation and amortization growing annually in the
mid-single digits over the same period.
It said it would invest in growth and return excess cash to
shareholders.
Telstra last month launched a A$1.35 billion share buyback after
lifting its annual profit and flagging a return to underlying
growth in fiscal 2022. It funded the imitative by selling a 49%
stake in its mobile towers infrastructure, also paying down
debt.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
September 15, 2021 19:00 ET (23:00 GMT)
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