Telstra Group Ltd (ASX: TLS) is one of those ASX 200 shares that is famous for its dividends. The ASX telco is an ASX dividend stalwart and can be found in many a dividend investor's portfolio.
That comes from the relatively large and consistent dividend payments Telstra shares have made ever since they first listed on the ASX back in the 1990s. But Telstra hasn't gotten through its three decades and counting on the ASX without some hiccups along the way.
Investors were mightily unimpressed back in 2018 and 2019 when Telstra delivered sharp cuts to its annual dividend. In fact, 2022 has been the first year since 2019 that Telstra has raised its annual dividend.
Saying that, it did manage to keep its dividends steady throughout 2020 and 2021. Both were COVID-affected years which saw many other ASX blue-chip shares slash their dividend payouts.
So with all of this in mind, let's check out what kind of dividend income an investor would enjoy from Telstra shares today.
How much dividend income would $20,000 worth of Telstra shares bag you?
Let's start by assuming an investor owns $20,000 worth of Telstra shares. At today's price of $3.92, a $20,000 investment would get an investor 5,102 Telstra shares, with a little change left over.
Over the past 12 months, Telstra has given its investors the typical two dividend payments. The first was the fully franked interim dividend of 8 cents per share that we saw back in April. Our investor's 5,102 shares would have yielded a payment of $408.16 for this dividend.
The second was the 8.5 cents per share final dividend, also fully franked, that was paid out in September. This would have resulted in $433.67 in dividend income.
So if an investor owned $20,000 worth of Telstra shares right now, they would have enjoyed a total of $841.83 in dividend income from their shares this year. That equates to a dividend yield of 4.21% on the current Telstra share price.
If we factor in the value of Telstra's full franking credits, this yield grosses up to 6.01%.
