The Telstra (ASX:TLS) dividend yield is creeping higher

The Telstra Corporation Ltd (ASX: TLS) share price is having a good start to the day today. Telstra shares are up 0.33% to $3.04 at the time of writing. However, the picture is not so rosy if you zoom out a little.

The Telstra share price rose nearly 18% in value over the first half of November, but has been going backwards ever since. After topping out at $3.16 on 18 November, Telstra has spent the past ~2 weeks sliding back to the share price we see today.

Now that slide is only worth around 4%. But it’s still something to note. Remember, Telstra shares were in hot demand after the company announced an ambitious plan to separate its core businesses into 3 different ‘legal entities’ early last month. That was likely the main…