Telstra (TLS) this morning released their Half Year Results Announcement. We currently have an Income Strategy Option Trade Recommendation running on TLS and thought we would provide a brief summary of the announcement. The most important factor for this announcement that will affect our TLS trade recommendations are the details surrounding the dividend.
Telstra declared an interim dividend of 14 cents per share, identical to that issued for corresponding period last year. The important dates for the dividend were announced today and are detailed below:
Ex-Dividend Date: 22nd February 2010
Record Date: 26th February 2010
Dividend Payable: 26th March 2010
Telstra Corporation Ltd has posted a 3.3 per cent drop in first half profit after more Australians household dumped their fixed telephony products for wireless or mobile. But Australia’s largest telcommunications company said it expects to see a modest improvement in its operations in the second half of 2009/10, as economic conditions improve. Telstra generated an attributable net profit for the six months to December 31 of $1.853 billion, down from $1.916 billion in the previous corresponding period. Total revenue was $12.342 billion, reflecting a drop of 2.9 per cent.
For investor looking to earn additional income on their TLS shares, the covered call strategy can be implemented to increase your returns. For detailed information on the Covered Call Strategy please request the Covered Call eBook.
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