Telekom Austria released yesterday its Q2 results which were solid and clearly better than consensus. The stock was, however, up by only 0.5% yesterday. We maintain our Buy opinion on the stock. As a reminder, the group will distribute a dividend of €0.25 for 2020, corresponding to 3.4% yield. The group could offer more but the two main shareholders do not seem, indeed, too demanding in terms of dividends, so that the minorities are left expecting on that front.
15 Jul 2021
A strong Q2 while hoping for a... dividend increase for 2021
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A strong Q2 while hoping for a... dividend increase for 2021
- Published:
15 Jul 2021 -
Author:
Jean-Michel Salvador -
Pages:
3
Telekom Austria released yesterday its Q2 results which were solid and clearly better than consensus. The stock was, however, up by only 0.5% yesterday. We maintain our Buy opinion on the stock. As a reminder, the group will distribute a dividend of €0.25 for 2020, corresponding to 3.4% yield. The group could offer more but the two main shareholders do not seem, indeed, too demanding in terms of dividends, so that the minorities are left expecting on that front.