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Most peoples favourite dividend stock Telstra (ASX: TLS), is amassing a significant lump of cash that could find its way into shareholders pockets. Not surprisingly, income-hungry investors are salivating at the thought. Earlier this week, the telco announced it was selling 70% of its Sensis business for $454 million. That’s chickenfeed for Telstra, but when you add it to other recent asset sales, plus an expected $4.6 billion or more in free cash flow in 2014, you’re looking at a very decent lump of change.
Expectations are that the telecom giant has earmarked the cash for capital management purposes, which could include a higher dividend, a special, one-off dividend or a share buyback. CEO David Thodey is reported as saying that he is conscious that shareholders would appreciate a return in dividends, which could mean a lovely bonus for Telstra shareholders this year.
Lets wait and see!!
Most peoples favourite dividend stock Telstra (ASX: TLS), is amassing a significant lump of cash that could find its way into shareholders pockets. Not surprisingly, income-hungry investors are salivating at the thought. Earlier this week, the telco announced it was selling 70% of its Sensis business for $454 million. That’s chickenfeed for Telstra, but when you add it to other recent asset sales, plus an expected $4.6 billion or more in free cash flow in 2014, you’re looking at a very decent lump of change.
Expectations are that the telecom giant has earmarked the cash for capital management purposes, which could include a higher dividend, a special, one-off dividend or a share buyback. CEO David Thodey is reported as saying that he is conscious that shareholders would appreciate a return in dividends, which could mean a lovely bonus for Telstra shareholders this year.
Lets wait and see!!
Lets wait and see!!
well tls reports in a week or two, interesting to see how the sp performs
I have taken a short on this see how it goes
thanks for your comprehensive analysis, the reporting period is on 13 Feb will be interesting to see where the stock goes, i got my stop at $5.72
do you mean $4.72 or are you shorting?
Projections based on the weekly chart below has a potential target area in the range 5.30 to 5.50 but I don't expect it to get there without a few minor corrections along the way.
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