DIVIDEND PROMISE
Deutsche Telekom confident of hiking dividends in 2018
Frankfurt — Deutsche Telekom will keep to its promise of hiking dividends in 2018 and the years thereafter, its chief financial officer Thomas Dannenfeldt told German daily Boersen-Zeitung. "I am very confident that we will be able to stick to our promises, in particular with respect to the planned increase of our free cash flow by about 10% and the according dividend policy," he was quoted as saying on Saturday. "I see no reason to deviate from (our planning) in 2018," he said, adding that investors should expect continuous growth of capital expenditure, sales, earnings and dividends. Deutsche Telekom has said in the past that it expects a 12% increase in 2017 free cash flow — the money available for dividend payments — with a corresponding dividend hike. While Germany’s largest telecoms provider is benefiting from a strong US business and a rebound of its European operations it will also get a boost from US tax cuts. "Our earnings after minorities will rise by a relevant three-dig...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.