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General

Deutsche Telekom sees record take-up of stock dividend

Wednesday 28 June 2017 | 15:19 CET | News
Deutsche Telekom announced a record take-up for its stock dividend for 2016, with about 49 percent of shares opting for stock rather than cash. This reduces the company's cash outflow this year by around EUR 1.4 billion. Almost 85 million new shares will be issued to pay the dividends, equal to around 1.8 percent of the total outstanding shares.

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Categories: General
Companies: Deutsche Telekom
Countries: Germany
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