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Telstra share price hits $6

Telstra Corporation Ltd (ASX:TLS) have finally hit $6 again, a 13-year high, just like I said they would.

In the past 16 months, Telstra shares are up 18%, plus investors have received 44 cents in dividend payments, a total return that soundly beats the S&P/ASX 200 Index, and many other popular blue chip ASX shares, including Insurance Australia Group Ltd (ASX:IAG) and Westpac Banking Corp (ASX:WBC).

It goes to show, in this low interest rate environment, you just can’t keep a good fully franked dividend stock down.

Telstra is the poster-child for high yielding stocks, but for investors willing to escape the comfort of term deposits,  there are plenty more quality dividend-paying shares where it came from.

Do you feel lucky?

Bruce Jackson has an interest in Telstra Shares

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