Telstra Corporation Limited
(ASX:TLS) has announced it will commence a $1.5 billion capital management program in 2017.
The program is in addition to the company’s ordinary dividend and specific details will be released at Telstra’s full year results presentation in August later this year.
Proceeds from the recent sale of Autohome shares will be used to fund the program.
The move is part of a broader examination by Telstra on how it can return capital to shareholders.
Telstra Corporation reported a net profit of $2.14 billion for the six months to the end of December 2015
