Telstra sheds $5b in minutes after dividend warning

By Lucy Battersby
Updated August 17 2017 - 5:53pm, first published 5:48pm
 Telstra CEO Andy Penn announcing the full year results
Photo Pat Scala , Melbourne , AFR
Thursday the 17th of August 2017 .
Telstra CEO Andy Penn announcing the full year results Photo Pat Scala , Melbourne , AFR Thursday the 17th of August 2017 .
Telstra AGM in Melbourne today. Share holders. Picture by Viki Lascaris. The Age. Tuesday 14 November 2006. SPECIAL TELSTRA
Telstra AGM in Melbourne today. Share holders. Picture by Viki Lascaris. The Age. Tuesday 14 November 2006. SPECIAL TELSTRA
NBN BROADBAND.AFR.12 MARCH 2013.Photo by ROB HOMER ....... generic nbn broadband cable being put in the ground in penrith in western sydney.
NBN BROADBAND.AFR.12 MARCH 2013.Photo by ROB HOMER ....... generic nbn broadband cable being put in the ground in penrith in western sydney.

Telstra shares dropped to their lowest price in five years on Thursday after the company announced a "material" reduction in its long-term dividend policy - a move that will affect about 1 million investors, many of them mum and dad shareholders and self-funded retirees.

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