Editing Telstra (section)

==== Share price development ====
In November 1997, the Australian government sold the first tranche of its Telstra shares, 4.29 Billion shares, publicly at a price of $3.40 per share to institutional investors and $3.30 to retail investors. This sale is commonly referred to as "T1".<ref name="aph.gov.au">[http://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/Publications_Archive/online/TelstraSale Telstra Sale – Parliament of Australia] {{webarchive|url=https://web.archive.org/web/20160121165425/http://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/Publications_Archive/online/TelstraSale |date=21 January 2016 }}. Aph.gov.au. Retrieved 12 April 2014.</ref> In October 1999, the Australian government sold the second tranche of its Telstra shares under the "T2" program for $7.80 per share to institutional investors and $7.40 to retail investors.<ref name="aph.gov.au"/> In November 2006, the government sold a third tranche of its shares, "T3", at $3.60 per share.<ref>[http://www.asxshareprices.com.au/telstra-share-price/ Telstra Shares | Telstra Share Price] {{webarchive|url=https://web.archive.org/web/20160101191729/http://www.asxshareprices.com.au/telstra-share-price/ |date=1 January 2016 }}. Asxshareprices.com.au. Retrieved 12 April 2014.</ref>

Since its privatisation, Telstra shares have hit a low of just over $2.50 per share in late 2010.<ref name="au.finance.yahoo.com">[http://au.finance.yahoo.com/q/bc?s=TLS.AX&t=5y&l=on&z=l&q=l&c= TLS.AX Basic Chart | TELSTRA FPO Stock – Yahoo!7 Finance] {{webarchive|url=http://archive.wikiwix.com/cache/20160206162505/http://au.finance.yahoo.com/q/bc?s=TLS.AX&t=5y&l=on&z=l&q=l&c= |date=6 February 2016 }}. Yahoo! Finance.com (27 October 1998). Retrieved 12 April 2014.</ref> Since then, Telstra shares have risen to $5 per share in December 2013<ref name="au.finance.yahoo.com"/> and $6 per share in December 2014.<ref>{{cite web|url=http://www.fool.com.au/2014/12/22/telstra-share-price-hits-6/|title=Telstra share price hits $6 – Motley Fool Australia|work=The Motley Fool|date=22 December 2014|url-status=live|archive-url=https://web.archive.org/web/20141222164341/https://www.fool.com.au/2014/12/22/telstra-share-price-hits-6/|archive-date=22 December 2014}}</ref>
On 17 May 2019 the shares closed on the ASX at $3.56 up from a twelve-month low of $2.547 per share<ref>{{Cite web | url=https://www.asx.com.au/asx/share-price-research/company/TLS | title=Share Price & Information – ASX | access-date=19 May 2019 | archive-date=10 September 2019 | archive-url=https://web.archive.org/web/20190910231752/https://www.asx.com.au/asx/share-price-research/company/TLS | url-status=live }}</ref>

In February 2014, Telstra raised its dividend from 14c to 14.5c per share.<ref>[http://www.abc.net.au/news/2014-02-13/telstra-raises-dividend-amid-profit-growth/5256916 Telstra raises dividend amid profit growth – ABC News (Australian Broadcasting Corporation)] {{webarchive|url=https://web.archive.org/web/20140224183924/http://www.abc.net.au/news/2014-02-13/telstra-raises-dividend-amid-profit-growth/5256916 |date=24 February 2014 }}. Australian Broadcasting Corporation (13 February 2014). Retrieved 12 April 2014.</ref>

Amid the global pandemic crisis of the coronavirus in 2020, Telstra was one of three companies of the ASX 200 to gain in the week starting 15 March. It increased by 1.8 percent on the Australian Securities Exchange.<ref>[https://www.abc.net.au/news/2020-03-16/coronavirus-fears-see-australian-market-slump-to-start-new-week/12058904 ASX 200 posts biggest fall on record, Reserve Bank flags further measures amid coronavirus fears – ABC News (Australian Broadcasting Corporation)] {{Webarchive|url=https://web.archive.org/web/20200415002201/https://www.abc.net.au/news/2020-03-16/coronavirus-fears-see-australian-market-slump-to-start-new-week/12058904 |date=15 April 2020 }}. Retrieved 23 March 2020.</ref>