Deutsche Telekom Proposes Paying EUR3.4B/Year To Holders In 2010-12
Feb 24, 2010 17:38:50 (ET)
BONN (Dow Jones)--Deutsche Telekom AG (DT) said late Wednesday it will pay out EUR3.4 billion per year to shareholders in the years 2010 to 2012 and intends to pay out an unchanged dividend of EUR0.78 per share for 2009.
In this rare move, Germany's incumbent telecom provider guarantees its shareholders a dividend of at least EUR0.70 per year and additional share buy-backs if necessary to reach the pay-out quota.
With this news, Deutsche Telekom confirmed information obtained by Dow Jones Newswires in December, saying that the Bonn-based company will provide a mid-term dividend guidance for investors.
He claims another major meltdown is on the horizon similar to last year's. He also recommended not to be in certificates or anything paper, but the physical commodity itself. A package of industrial metals he recommended that would have cost me 7100 in Dec (I did not buy) is now to be had for 8900 (of course there's the 1% p.a. storage fee and his commission). Rumors of silver up to $50 by the end of the year. Sounded l a bit like a horror scenario. Who knows. What I do know is that more cash needs to be burned. Some bank sold a 90 year old widow an Allianz fund just a few weeks ago with Greece already in the headlines. Buried in 48 pages of euphemisms about the solidity of the investment there was small print divulging 5% "Hellenic" Government debt. Just like the US toxic mortgages, this crap is packaged with better investments that are supposed to absorb the shock. With inflation in mind, you can't even break even.