Spain’s Telefonica weighs plan to cut dividend – report (TEF:NYSE)
Press Room
Telefónica SA (TEF) is set to cut its dividend as part of a new strategic plan due to be announced next week, Bloomberg News reported on Thursday.
The Spanish carrier has one of the highest dividend yields among European telecom operators, and its new policy aims to align it with peers, the report said.
The change also seeks to strengthen the balance sheet, free cash for investments, and signal commitment to financial discipline.
