The Telstra Corporation Ltd (ASX: TLS) share price is edging lower amid the company paying out its latest dividend today.
The telco provider's shares are currently down 0.63% to $3.935 apiece.
In context, the S&P/ASX 200 Index (ASX: XJO) is also hovering in negative territory during Friday morning trade. The benchmark index is down 0.22% to 7,483.3 points.
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Telstra pays out interim dividend
On 17 February, Telstra reported a relatively sound performance in its half-year results for the 2022 financial year.
In summary, revenue fell 4.4% to $10.5 billion when compared against the prior corresponding period.
In addition, statutory earnings before interest, tax, depreciation, and amortisation (EBITDA) backtracked 14.8% to $3.5 billion.
While both metrics represented a decline, in H1 FY21, the company's revenue was boosted by a number of one-offs. This included the sale of the Velocity and South Brisbane exchange assets.
Nonetheless, the board declared a fully franked interim dividend of 8 cents per share to be paid on 1 April (today). This remains unchanged from the previous interim dividend distributed to shareholders last year.
When calculating against the current share price, Telstra is trailing on a dividend yield of 4.06%.
Investors who elected for the dividend reinvestment plan (DRP) will see a number of shares added to their portfolio. This was based on the volume weighted average price from 7 to 11 March, which resulted in $3.86 per share.
No DRP discount rate was offered to shareholders.
Telstra share price summary
While moving in circles during recent times, the Telstra share price has lost around 5% in 2022.
When looking at the last 12 months, its shares have travelled the other way to post a gain of 16%.
Telstra has a price-to-earnings (P/E) ratio of 26.48 and commands a market capitalisation of roughly $46.38 billion.
