The stock was down 5% at the opening following its Q2 release. This is not deserved as the group published an as expected quarter. The key point to keep in mind is that, since the announcement of the decline in its dividend last December (due to an upcoming two-year investment project), the dividend is perfectly in line with the group’s cash flows. Well, with a 7% dividend yield, we believe the stock is rather a good opportunity to take.
29 Jul 2020
A 7% dividend yield which should be more coveted
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A 7% dividend yield which should be more coveted
Telefonica Deutschland Holding AG (O2D:WBO) | 0 0 1.5% | Mkt Cap: 11,895m
- Published:
29 Jul 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
The stock was down 5% at the opening following its Q2 release. This is not deserved as the group published an as expected quarter. The key point to keep in mind is that, since the announcement of the decline in its dividend last December (due to an upcoming two-year investment project), the dividend is perfectly in line with the group’s cash flows. Well, with a 7% dividend yield, we believe the stock is rather a good opportunity to take.