Q2 was in line with expectations with a 3% decline in revenues but a flat EBITDA yoy and lfl. The stock has already recovered and is 5-10% below its February prices. Given the dividend could slightly increase in the coming years and that the dividend yield is only at its peers average, we maintain our opinion at Add on the stock.
27 Jul 2020
Deserves now a better dividend yield
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Deserves now a better dividend yield
Royal KPN NV (KPN:WBO) | 0 0 1.1% | Mkt Cap: 10,881m
- Published:
27 Jul 2020 -
Author:
Jean-Michel Salvador -
Pages:
3
Q2 was in line with expectations with a 3% decline in revenues but a flat EBITDA yoy and lfl. The stock has already recovered and is 5-10% below its February prices. Given the dividend could slightly increase in the coming years and that the dividend yield is only at its peers average, we maintain our opinion at Add on the stock.