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Investing.com -- Telefónica SA is preparing to reduce its dividend as part of a new strategy plan that will be announced next week, Bloomberg reported on Friday, citing sources familiar with the matter.
The Spanish telecommunications company currently offers one of the highest dividend yields among European telecom operators.
The upcoming policy change aims to bring its dividend more in line with industry peers while strengthening the company’s balance sheet, freeing up cash for investments, and demonstrating a commitment to financial discipline.
Under the proposed plan, Telefónica’s dividend yield target will decrease from an estimated 6.6% for 2025 and 2026 to approximately 4.8% for this year and around 5.2% for next year, Bloomberg said.
These new targets reflect the estimated sector average based on Telefónica’s internal calculations.
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