How to buy Telstra shares

Learn about Telstra’s share price and dividend payments and follow these steps to buy Telstra shares.

Telstra is a household name and one of the most popular blue chip stocks held by Australian investors. You can follow the four steps below to buy Telstra shares right now.

Further in this guide, you’ll learn about Telstra’s historical share prices, its dividend payments and what to consider before deciding to buy Telstra shares.

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Here’s how to buy Telstra shares in four steps

If you’re new to share trading, follow these steps to buy Telstra shares. If you already have a share trading account, you can go straight to step three.

1. Compare share trading accounts.

Compare share trading accounts in the table below, looking for one with low brokerage fees and access to the markets you want (e.g. the ASX plus any international markets).

2. Open an account.

Once you’ve chosen a share trading platform, click the “Go to site” button to be taken to its website where you can complete the online application process to open a new account. You’ll need to provide your contact details, tax file number and proof of identity (usually your driver’s licence, Medicare details and passport will be sufficient).

3. Fund your cash account.

You’ll receive a linked cash account when you open your share trading account (the cash account is just a type of bank account). Transfer enough money into the cash account to buy your shares, remembering to include any brokerage costs.
For example, if you wanted to buy $2,000 worth of Telstra shares and you know there’s a brokerage fee of $15, make sure to transfer at least $2,015 into your cash account. Trades on the ASX must be at least $500 in value, but you can invest with a range of robo advice apps for as little as $5.

4. Place your order.

Create a new order to buy Telstra shares. You can do this within your online portal when you log in to your new share trading account. You’ll need to fill out the ASX code (for Telstra, it’s TLS), select the price you’d like to buy the shares for (or select "Buy at market" if you’re not fussed) and how many shares you’d like to buy.

Once you’ve confirmed your order, your Telstra shares will be bought when your target price is hit. You’ll get a notification from the broker when you’ve successfully purchased the shares. If you’ve selected to buy at market, this will happen right away.

Compare share trading accounts to buy Telstra shares

Updated December 12th, 2019
Name Product Monthly fee Standard Brokerage Fee Margin trading - Online
IG Share Trading
$0
$8.00 or 0.1%
Yes
Special offer: Earn up to 10,000 Qantas Points when you start trading on a new IG Share Trading account. T&C applies.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.
Saxo Capital Markets (Classic account)
$0
$6.99 or 0.1%
Yes
High quality, low-cost brokerage on global share trading.
Access up to 19,000 global stocks on 36 of the world’s major stock exchanges and enjoy some of the most competitive FX rates on the the market when you trade with Saxo Capital Markets.
SelfWealth Share Trading (Basic account)
$0
$9.50
No
Trade ASX-listed shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
Bell Direct Share Trading (Silver account)
$0
$15 for first 10 trades
Yes
Offer: For a limited time, get a custom deal based on your trading preferences when you switch to Bell Direct.
Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
CMC Markets Stockbroking (Classic account)
$0
$11 or 0.1% for first 10 trades (for trade value up to $11,000)
Yes
Access a broad range of investment products from Australia and overseas.
Take advantage of IPOs and trade shares, warrants, options and CFDs listed across the ASX, SSX and Chi-X, and other major global exchanges, including US, Canada and UK markets.

Compare up to 4 providers

Quick facts on Telstra

Telstra provides home phones, mobile devices and broadband Internet plus digital media services including pay TV. Telstra is one of the biggest telecommunications companies in the world, and chances are you yourself are a Telstra customer or, at the very least, know people who are.

  • Full name: Telstra Corporation Limited
  • ASX ticker code: ASX:TLS
  • Industry: Telecommunications
  • ASX listing date: 1997
  • Market cap: $34.3 billion (2018)
  • CEO: Andrew Penn (2018)
  • Key competitors: Optus, Vodafone, TPG

Telstra historical share prices

We’ve listed Telstra share prices between 2016 and 2018 across six-month intervals in the table below. Take a look at the price difference between these three years; you can see the share price has gradually declined.

Date ASX:TLS price (AUD high) ASX:TLS price (AUD low)
31 July 2018 $2.85 $2.81
31 Jan 2018 $3.69 $3.68
31 July 2017 $4.15 $4.10
31 Jan 2017 $5.06 $5.00
29 July 2016 $5.77 $5.71
29 Jan 2016 $5.63 $5.57

So what does this mean? Well, there are a number of reasons that Telstra’s share price has been gradually declining. One possible factor is the increased competition in the telecommunications sector, particularly with the introduction of the National Broadband Network (NBN).

As an investor, it’s your job to do some research and determine why the share price has been dropping and to determine if you see value in the company going forward.

Telstra dividend information

One of the best things about investing in shares is getting paid dividends, which are small percentages of the company’s profits. And what’s great about Australian companies in particular is the fact that these dividends are usually fully franked, meaning the company has already paid tax on those earnings so shareholders won’t need to pay tax on those earnings again. Not all companies pay dividends, and some pay much larger dividends than others.

Telstra has a reputation for its commitment to paying large, fully franked dividends. The consistent dividends are what attract a lot of investors to buy shares in the company. We’ve listed the Telstra dividend payment information between 2015 and 2018 in the table below to help give you an idea of Telstra's dividend. The interim dividend is announced before the company releases its full-year earnings, and the final dividend is announced after. Of course, it’s important to remember that this is historical dividend information and not an indicator of future dividends.

Payment date Dividend per share (AUD) Franking Dividend type
29 Mar 2018 $0.110 100% Interim
28 Sept 2017 $0.155 100% Final
31 Mar 2017 $0.155 100% Interim
23 Sept 2016 $0.155 100% Final
1 Apr 2016 $0.155 100% Interim
25 Sept 2015 $0.155 100% Final
27 Mar 2015 $0.150 100% Interim

Should you buy Telstra shares?

Here’s what to consider before deciding to buy Telstra shares.

      • Telstra’s share price. It’s important you consider the current share price and determine whether you think it’s fairly valued. After doing some research, you might decide the share price is low and decide to buy, or you might think it’s over-valued and decide to wait for it to drop.
      • Telstra’s dividend. If the attractive dividend is the main reason you’re buying Telstra shares, make sure you do your research and look for any information on whether the company plans to keep this dividend in place.
      • Telstra’s competitors. Do you think Telstra’s competitors like Optus and the NBN pose a threat to the company? Read the annual reports of some key competitors (these are readily available on their websites) to see how they compare to Telstra, and what their growth plans include.
      • Telstra’s growth potential. Is there much opportunity for Telstra to grow its business and, in turn, grow its profits? Read into Telstra’s growth and expansion plans in Australia and international markets.
      • Telstra’s leadership team. Familiarise yourself with Telstra’s CEO, COO, CFO and board of directors. Make sure you’re confident in their ability to push the company forward.

This guide is designed to help you buy Telstra shares. If you’re looking for a more detailed guide on how to buy other shares, check out our guide on seven steps to buying shares online.

Or if you’re interested in buying shares in popular international brands like Netflix or Apple, we have a handy guide for that, too.

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