Telstra Group Ltd · Dividends
ASX: TLS · Communication Services · Telecom Services
Dividends per share
Per financial year, as reported in the accounts
Payment record
Totals paid and share of profit distributed
| FY | Per share | Total paid | Payout ratio |
|---|---|---|---|
| FY25 | $0.20 | $2.3B | 107% |
| FY24 | $0.18 | $2.0B | 113% |
| FY23 | $0.17 | $2.0B | 102% |
| FY22 | $0.16 | $1.9B | 112% |
| FY21 | $0.16 | $1.9B | 102% |
| FY20 | $0.16 | $1.9B | 105% |
| FY19 | $0.19 | $2.3B | 105% |
| FY18 | $0.27 | $3.2B | 88% |
| FY17 | $0.31 | $3.7B | 96% |
| FY16 | $0.31 | $3.8B | 66% |
Reading the payout ratio
The payout ratio is the share of net profit returned to shareholders as dividends. A ratio under ~70% generally leaves room to maintain the dividend through a weaker year; a ratio persistently near or above 100% means the company is paying out more than it earns, which is rarely sustainable. Per-share figures here are company-reported annual totals. Check the company's own announcements for franking credits and payment dates.
Has Telstra (TLS) grown, maintained or cut its dividend over time, and how sustainable is the payout?
Telstra's dividend per share fell from $0.31 in FY2016 to $0.19 in FY2019 and $0.16 in FY2020, where it stayed roughly flat through FY2022, before rising for three straight years to $0.17 in FY2023, $0.18 in FY2024 and $0.20 in FY2025.
The payout ratio - dividends relative to reported net income - has exceeded 100% in seven of the ten reported years, running as high as 113.1% in FY2024 and 111.9% in FY2022, compared with 65.5% in FY2016, when net income was highest. In FY2025, dividends paid of $2.3B against net income of $2.2B implied a payout ratio of 106.7%, meaning the reported dividend outlay slightly exceeded net income for that year.
Across the ten reported years, Telstra has paid a per-share dividend every year, with no year showing a zero payout in the reported figures. The overall pattern is one of a lower, but recently rising, per-share dividend compared with the FY2016 level, alongside a payout ratio that has stayed above reported net income in most years since FY2019.
AI-assisted analysis generated from Craytheon's verified financial data · Updated 4 Jul 2026 · How this works
Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.