PT will pay exceptional dividend
Thursday, December 16, 2010
Portugal Telecom will pay an exceptional dividend of Euro 1.65 per share, of which 1.00 per share to be paid still in 2010, in accordance with the announcement made today to CMVM - Portuguese Securities Market Commission.
According to the announcement, the new shareholder remuneration policy is the result of the sale of its shareholding in Brasilcel and in anticipation of the investment in Oi. Its Board of Directors approved in its meeting today that the payment of the dividend will be made on 28 December 2010 as set out below:
- Gross amount Euro 1.000
- Withholding Tax (Generic rate IRS/IRC: 21.5%) Euro 0.215
- Net amount Euro 0.785
The announcement also informs that “as of 23 December 2010 (inclusive) PT’s shares will be traded in the Stock Exchange without conferring the right to the abovementioned remuneration”.
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