Original article by Max Mason
The Australian Financial Review – Page: 1 & 2 : 18-Aug-17

Telstra has reported 2016-17 EBITDA of $A10.7 billion, up two per cent, while its profit from ongoing operations rose 1.1 per cent to $A3.9 billion. However, shares in the telco fell by 10.6 per cent on 17 August after it advised that dividend payments will be reduced in coming years, as it has to absorb higher costs in regard to the rollout of the national broadband network. Delian Entchev of Watermark Funds Management says Telstra should have changed its dividend payout ratio some time ago.

CORPORATES
TELSTRA CORPORATION LIMITED – ASX TLS, NBN CO LIMITED, WATERMARK FUNDS MANAGEMENT PTY LTD, AUTOHOME INCORPORATED, CITI AUSTRALIA PTY LTD