Telecom Argentina (TEO) has released an update.
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.
Trending Articles
- Shareholder Alert for Flux Power Holdings, Inc. (NASDAQ:FLUX)
- ValueAct’s $1B Stake in Meta Platforms is a Constructive Bet, Not an Activist Move
- Spirit Airlines Plunges 63% on Possibility of Bankruptcy Deal Wiping Out Shareholders’ Wealth
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
