Telstra Sets AUD 0.105 Dividend with Updated DRP Calculation Window

Correction to DRP Price Calculation Period

Telstra Group Limited (ASX:TLS) has issued a correction to the period used for calculating the reinvestment price under its Dividend Reinvestment Plan (DRP) for the interim dividend covering the six months ended 30 June 2026. The update revises the price calculation window to run from 7 September to 11 September 2026, replacing previous details announced earlier this month.

Dividend Details Remain Unchanged

The ordinary dividend itself remains steady at AUD 0.105 per share, with 90.48% of the payout franked at the corporate tax rate of 30%. The dividend record date is set for 27 August 2026, with payments scheduled for 24 September 2026. Shareholders not opting into the DRP will receive their dividend in cash by default.

DRP Terms and Participation

Telstra’s DRP offers shareholders the option to reinvest their dividends into additional ordinary shares without any discount applied to the reinvestment price. The price is calculated as the arithmetic average of the daily volume weighted average price (VWAP) of TLS shares traded during the specified five-day period in early September. The deadline for shareholders to lodge their DRP election notices is 4 September 2026 at 5:00 pm.

Implications for Investors

This correction ensures clarity on the timing for determining the DRP share price, which is critical for shareholders planning to reinvest their dividends. While the dividend amount and franking level align with Telstra’s recent payout patterns, the precise DRP pricing window impacts the number of shares investors receive under the plan. The absence of a discount on DRP shares is consistent with Telstra’s approach in previous periods, maintaining a straightforward reinvestment mechanism.