Telstra (ASX:TLS) full year dividend for 2021 expected to be 16 cents per share, fully franked

Telstra shares trade on a fully franked dividend yield of close to 5%, making them one of the more attractive income stocks in the ASX 200

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Telstra Corporation Ltd (ASX:TLS) share price may have fallen around 11% in the past 12 months, but with the leading telecommunications company recently saying it's "building momentum," better days could be ahead for Telstra shareholders.

One thing weighing on the Telstra share price over the last 12 months has been concerns that it may cut its dividend.

These fears were allayed after Telstra declared a fully franked 8 cents per share interim dividend for the first half of 2021, flat on the same period last year.

Telstra also confirmed it expects to pay a fully franked final dividend of 8 cents per share, bringing its total dividend for FY 2021 to 16 cents per share.

With the Telstra share price trading at around $3.30, the telco's shares are trading on a fully franked dividend yield of 4.8%, or 6.9% when grossed up for franking credits.

Although Telstra continues to face economic and competitive headwinds, the company did say it has ambitions for mid-to-high single-digit percentage profit growth in FY 2022.

With the Reserve Bank of Australia likely to keep interest rates at close to zero for the next three years, by comparison to term deposits, the Telstra dividend yield looks very attractive.

Analysts at Goldman Sachs recently retained their buy rating and lifted the Telstra share price target to $4.00,

Elsewhere, UBS recently retained its buy rating and $3.70 share price target and Credit Suisse held firm with its outperform rating and $3.85 Telstra share price target.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Share Market News

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX shares finished the trading week on a high this Friday.

Read more »

A businessman stacks building blocks.
Technology Shares

6% gain! What's up with Block shares today?

Block shares are up more than 34% since 2 May.

Read more »

Broker looking at the share price.
Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Share Gainers

Why ARB, Block, Mayne Pharma, and Paladin Energy shares are charging higher today

These shares are having a strong finish to the week. But why?

Read more »

A woman puts her hands up as she smashes and breaks through a glass ceiling.
Share Gainers

How these 5 ASX 200 stocks are smashing the benchmark this week

These fives ASX 200 stocks have made some very happy shareholders this week. Here’s how.

Read more »

Bored man sitting at his desk with his laptop.
Share Fallers

Why Catalyst Metals, Duratec, Nufarm, and Rio Tinto shares are dropping today

These shares are ending the week in the red. But why?

Read more »

A smiling woman at a hardware shop selects paint colours from a wall display.
Broker Notes

After its strategy day, what does Macquarie think Wesfarmers shares are worth?

Let's see what the broker is saying about this blue chip.

Read more »

Buy, hold, and sell ratings written on signs on a wooden pole.
Technology Shares

After surging 13% yesterday, are TechnologyOne shares a buy, hold or sell according to Macquarie?

Valuations matter when investing, and Macquarie feels no different.

Read more »