Amongst those hardest hit by Telstra’s most recent dividend slash are around a million, mum, dad, and self-funded retiree investors.
The teleco reported a 5.8 percent fall in net profit to $1.7 billion this year, which translated to more than a quarter cut to December’s dividend passed on to domestic investors.
The reduction in profit comes after the company’s US video arm Ooyala maybe significant losses throughout the year due to quoted ‘non-cash impairments’.