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General

KPN does not treat market to visionary strategy

Thursday 12 May 2011 | 08:46 CET | Author: Tim Poulus | Market Commentary
With the 'Strengthen - Simplify - Grow' plan, Eelco Blok furthers the strategy of his predecessor Ad Scheepbouwer. There are no big surprises. The focus remains firmly focused on the shareholder. The investment budget sees no changes and KPN will maintain a free cash flow at EUR 2.4 billion per year. A progressive dividend was announced, set to grow by EUR 0.05 per year to EUR 0.95 by 2013. At the current exchange rate, this means a dividend yield of nearly 9 percent. That, as well as the strategy and rise of Blok, is meant to bring back confidence into KPN shares, after April's profit

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Categories: General
Companies: KPN
Countries: Benelux / Germany / Netherlands
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