Here’s how Telstra (ASX:TLS) shares have performed in a year

By - Team Kalkine Media


  • Successful FY2022 results, an FY2023 guidance update, and corporate restructuring have helped Telstra perform well.
  • Telstra is an ASX-listed telecommunications firm.

Leading Australian telecommunications business Telstra Corporation Limited (ASX:TLS) was seen trading in the green zone on the ASX today (19 October 2022) even though there was no major news or development announced by the company. At 3:52 PM AEDT, Telstra shares were AU$3.88 apiece, up 0.779%.

Meanwhile, the benchmark S&P/ASX 200 Communication Services (INDEXASX: XTJ) was up 0.318% at 1388.4 points on 19 October 2022.

What’s been happening with Telstra lately?

This year, Telstra has been in the news for different reasons. One of them is the recent announcement of the company’s AGM meeting and FY2023 guidance update.

According to the ASX announcement on 11 October 2022, the agenda for this year’s AGM meeting was to push Telstra’s corporate restructuring. Telstra's T22 plan included restructuring as a key component, and it continues to do so in the company's recently released T25 strategy. This restructuring is also a crucial next step in the company's drive to increase infrastructure asset transparency while sharpening management attention on customer businesses as well as infrastructure. Telstra anticipates achieving more freedom through this restructuring plan so that it can eventually increase value for its shareholders.

The company's shareholders have also approved the scheme of arrangement being utilised to aid this corporate restructuring.

Following the successful completion of T22 and the  momentum in its core business, Telstra also boosted its dividend for the first time in seven years

Talking about this dividend development, Andy Penn, CEO, Telstra, said:

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Data Source- Company announcement dated 11 August

Along with the aforementioned updates, Telstra made a few other announcements throughout the year that also had an impact on its share price: