Telstra Corporation Ltd(ASX: TLS) recently revised its FY 2018 guidance and whilst management reaffirmed that it expects its FY 2018 total dividend to be 22 cents per share fully franked (a yield of 6.4% based on the latest share price), investors might still be concerned about the sustainability of that dividend.
Investors looking for an alternative might want to consider Wesfarmers Ltd(ASX: WES). The conglomerate owner of top retail brands such as Coles and Bunnings is a popular blue chip stock that could be an alternative to Telstra. Here are its key metrics:
Overall, Wesfarmers has been a consistent performer but if you are looking for something different such as a fast-growing technology, you might want to read Bill Gates’ prediction below.
Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.
You can follow Kevin on Twitter @KevinGandiya. The Motley Fool Australia owns shares of Telstra Limited and Wesfarmers Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.