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Dividend sanctity takes a hit in Australia, world's top yielding market

Published Tue, Sep 19, 2017 · 09:50 PM
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Sydney

TELSTRA Corp is challenging Australia's addiction to dividends.

The nation's biggest phone company last month ended a 20-year run of steady dividends, saying it needed to sock away money for new technology. Other firms may follow, undermining Australia's reputation as a dividend-heavy stock market.

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