Telecom Argentina (TEO) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Telecom Argentina has announced a dividend distribution in kind with Global Bonds of the Republic of Argentina, valued at approximately $145.6 million, to its shareholders. This strategic move involves a partial withdrawal from the company’s voluntary reserve to maintain its capital investments and solvency levels, offering $0.0676 nominal value of bonds per share. Such a decision reflects the company’s commitment to rewarding shareholders while maintaining financial stability.
For further insights into TEO stock, check out TipRanks’ Stock Analysis page.