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Telefonica cuts dividend as last resort to lowering debt
2016-10-27 08:10:00| Telecompaper Headlines
(Telecompaper) Telefonica has cut its proposed full-year dividend as the operator looks to hold on to cash flow for investments and debt maintenance. The company said it will pay a voluntary stock dividend of EUR 0.35 per share in Q4 plus EUR 0.20 in cash in Q2 2017, compared to a previous forecast of EUR 0.75 per share for this year. In 2017, it plans a cash dividend of EUR 0.40 per share.
Tags: debt
resort
cuts
dividend
Category:Telecommunications