Telefonica raises dividend - Mobile World Live

Telefonica raises dividend

09 OCT 2009

The Wall Street Journal reports that Telefonica today pledged to increase shareholder returns with higher dividends, but lowered its forecast to 2012 amid falling revenue in mature European markets. Europe’s largest telecommunications company by market value also lowered its earnings per share target to EUR2.10 for 2010, down from previous guidance of EUR2.304.

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