Due to a sharp decline in its share price over the last 12 months, the current Telstra Corporation Ltd (ASX: TLS) dividend is one of the biggest dividend yields on the market.
In fact, investors that buy shares today will receive a fully franked 7.2% dividend over the next 12 months if the telco giant maintains its current pay out of 31 cents per share.
When do you need to invest to receive it?
The good news for income investors is that there's no need to rush. Telstra generally pays its dividend in two instalments each year and both are some time away.
Telstra's interim dividend usually goes ex-dividend on March 1 of each year and is then paid to shareholders approximately a month later.
The telco giant's final dividend traditionally goes ex-dividend in late August and, like its interim dividend, is then paid approximately one month later.
Here's why one Motley Fool contributor thinks you should snap it up today.
