Telefonica S.A. (ADR) (NYSE:TEF)
CAPS Rating:
A telecommunications group that provides a range of services in Spain and Latin America. Provider of fixed-line public voice telephone services, wireless communications services, Internet access services and data transmission services.
RSS Headlines
Fool UK
Recs
undervalued with great management & 13.7% yield
Zacks – Fri, Jul 27, 2012
Given the lingering economic conditions, Telefonica suspended dividend payments and share buybacks for the second half of 2012 and the first half of 2013. The company will nevertheless resume the payouts in the fourth quarter of 2013 with a lower dividend rate. The company would pay a dividend of €0.75 per share, down 50% from the €1.50 per share projected previously.