Telstra announced FY2022  Announced final dividend of AU8.5 cents

Telstra (ASX: TLS) has released its FY2022 and it increased its dividend for the first time in seven years post the successful completion of T22 coupled with strong momentum in its underlying business.

• Total income during FY2022 ended 30 June 2022 was AU$22 billion, down 4.7% compared to the previous corresponding period.
• EBITDA declined 5% to AU$7.3 billion. On FY2022 guidance basis, underlying EBITDA increased 8.4% to AU$7.3 billion.
•  NPAT by 4.6% to AU$1.8 billion.
• Underlying EPS improved 48.5% to AU14.4 cents.

In FY2022, the Company’s core business performed strongly. Its mobile results were outstanding. Consumer & Small Business Fixed grew successively in 2H FY2022, Enterprise returned to growth. The Company focused on managing the cost of the business.

TLS’s Board resolved to pay a fully-franked dividend of 8.5 cents per share. Thus, bringing the total dividend for the year to AU16.5 cents per share

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