Yield or Growth: Telstra IPO vs CSL vs CBA vs BHP How CSL, BHP and CBA became better yielding shares than Telstra over the last two decades. When Telstra (TLS) listed on the ASX, it was thought of and lapped up as a high yielding share to add to portfolios. However, for long-term investors, TLS was a poor addition to the income portfolio. Investors seeking income would actually have been better off buying the low yield, high growth CSL, BHP or Commonwealth Bank. We look at t