市场见解

How does the Telstra (ASX:TLS) dividend compare to ASX 200 shares?

How good are the Aussie telco’s dividends versus its peers?
The post How does the Telstra (ASX:TLS) dividend compare to ASX 200 shares? appeared first on The Motley Fool Australia. –

The Telstra Corporation Ltd (ASX: TLS) dividend has been a staple of Aussie portfolios for decades. Telstra’s famous payout policy has seen the telco regularly payout 100% of underlying profits.

In recent times, with the entry of NBN Co eating into the company’s profitability, that figure has been wound back to 70% to 90% of underlying earnings. That means the Telstra dividend is currently sitting at 2.53% as at Friday’s close.

So, how does that yield compare to other companies in the S&P/ASX 200 Index (ASX: XJO)?

How the Telstra dividend compares to ASX 200 shares

There are some monster dividends on offer among ASX 200 shares this year. A strong post-COVID rebound, the introduction of stimulus programs such as JobKeeper and significant monetary policy support have helped some Aussie companies thrive in recent months.

Fortescue Metals Group Limited (ASX: FMG) is one ASX dividend share that raised its dividend. Iron ore has been booming and Fortescue recently doubled its dividend after reporting a 117% surge in net profit after tax to US$10.3 billion.

For investors who think the 2.53% Telstra dividend is good, consider this: Fortescue shares are now trading at a 23.34% yield. As well as boosting its dividend, that yield figure has been helped by Fortescue shares slumping 38% in 2021.

Fortescue is certainly the exception rather than the rule and not necessarily a good benchmark for the Telstra dividend.

It can be hard to assess what an average dividend yield is for ASX 200 shares at the moment. One way is to consider the dividend yields on broad market exchange-traded funds (ETFs) benchmarked against the S&P/ASX 200 Index.

BetaShares Australia 200 ETF (ASX: A200) is one such ETF. It can be difficult to compare dividend yields given the number of variables affecting the breadth of companies in the ASX 200.

The October distribution for the BetaShares ETF was $0.6801 per security. A simple annualisation of that figure gives $2.7204 per security or a yield of 2.17%. That means the Telstra dividend looks to be higher based on a simple calculation against this ETF.

Foolish takeaway

The Telstra dividend appears to stack up well against the broader ASX 200 shares. The Aussie telco certainly hasn’t delivered the chunky dividends it has been known for in recent decades. However, it still represents a reliable dividend payer and a staple of many Aussie portfolios.

The post How does the Telstra (ASX:TLS) dividend compare to ASX 200 shares? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Telstra right now?

Before you consider Telstra, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Telstra wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

This analyst rates the Telstra (ASX:TLS) share price a buy
September hasn’t been a great month so far for the ANZ (ASX:ANZ) share price
There’s a shock coming for ASX investors: expert

5 things to watch on the ASX 200 on Monday

Is this ASX 200 miner one of the best value shares to buy today

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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