On top of that 75% of the one billion received from NBN will be paid as a special dividend fully franked to the share holders
The forecast dividend for FY18 is .22 cents including the one off payments from NBN.
Quote TLS:
“With the implementation of this new dividend policy, we expect total dividends in respect of FY18 to be 22 cents per share fully-franked, including both ordinary and special dividends.”
Also they refuse to break out the sahre of each although sme will be able to work it out.
Once 2020 comes the divvie is likely to fall to a range around 16 cents based on current forecasts.
Some of the future recurring payments from NBN are expected to be used for capital management, share buybacks and debt reduction.
Where to now for long term investors of Telstra, page-82
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