Telefónica distributes $173 mm in interest on equity

Telefônica’s board of directors approved the distribution of R$900 million ($173 million) in interest on capital, equivalent to R$0.49 per common share and R$0.42 per preferred share. In net terms, discounting income tax, the amount is R$765 million ($147 million). The amount will be imputed to the mandatory minimum dividend of 2020.

Source: Valor Investe

Categories: Business