DEUTSCHE TELE AG ADS Message Board
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dividend?
To collect the annual dividend I have to own this by the annual shareholder meeting May 11 correct? Any reason to think the dividend will drop from last year's 0.70 euro? Thanks.
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From their website (BTW, must be nice to have tax free income!)
Proposal of 70 ct per Share
The dividend will be tax-free once again this year, i.e. without the deduction of capital gains tax or the solidarity surcharge as the dividends are paid out in full from the tax contribution account pursuant to § 27 KStG (Corporation Tax Act) (contributions other than into nominal capital).
Dividends paid to shareholders in Germany are not subject to taxation. Dividends do not involve tax refunds or tax credits.
In the German tax authorities' view, the dividend payment reduces the acquisition costs of the shares for tax purposes.- 1 Reply to tvrealityfan
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But is the dividend still taxable in the US?
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The Shareholders Meeting on the 24th May 2012 will decide on the proposal to pay out a dividend of €0.70 per share. The payout date will be the 25th May 2011.
Deciding on the proposal is a little disconcerting. I would have sounded nicer if they said will vote to pay the dividend.- 2 Replies to ryesgramdi
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The announcement was made this morning at the stockholders meeting. The dividend is approved and the no tax status is continued. Evidently the drop in price come from the payment of the dividend.
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It is likely a formality.
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Well, it looks like results were better than expected. And T-Mobile could get merged with PCS or S and spun off. I'm in at 11.50.
http://www.bloomberg.com/news/2012-05-10/deutsche-telekom-profit-tops-estimates-on-t-mobile-usa.html
Deutsche Telekom AG (DTE), Europe’s second- largest telephone company, reported earnings that beat analysts’ estimates as a decline in European revenue slowed and the T- Mobile USA unit boosted profitability.
Earnings before interest, taxes, depreciation and amortization excluding some items slipped 0.1 percent to 4.48 billion euros ($5.8 billion) in the first quarter, the Bonn- based company said today. The profit compares with the 4.4 billion-euro average estimate of 21 analysts compiled by Bloomberg. Revenue dropped by a smaller-than-projected 1.1 percent to 14.4 billion euros.
The Deutsche Telekom AG company logo is seen outside the company's headquarters in Bonn. Photographer: Hannelore Foerster/Bloomberg
T-Mobile USA, the unit that’s trying to hold onto its subscribers after a botched sale to AT&T Inc. (T) last year, increased profit as prepaid clients helped offset the loss of 510,000 contract customers in the quarter. Deutsche Telekom is discussing a merger of the division with MetroPCS Communications Inc. (PCS) as it reviews options for the business, people familiar with the matter said. -
Yesterday FTE indicated they were cutting their Divy. The article writer indicated he thought that both TEF and DTEGY.Pk would follow suit. So who knows until the deed is done.
- 1 Reply to dafuzz2143
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So you believe some reporter over an official company news release?
From their earnings announcement I linked to in an earlier post...
> Proposed dividend remains stable at 70 euro cents per share for the 2011 financial year <
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- Q4/FY2011 results come out on Feb 23.
- 2012 annual shareholder meeting is May 24 in 2012.
Will wait for a positive resolution on the Greek debt issue before buying.- 1 Reply to blackoutbuzz
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Results came out today. Guidance for 2012 looks down from 2011 levels. I don't expect the share price to run up based on these results, so I think I will wait to see Greece sail safely through March 20 before buying.
http://www.telekom.com/ar-2011/ -
I live in the United States.
Do US shareholders receive a dividend?
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I dont think so,since the German govt owns a chunk of it,it likes to be paid
- 1 Reply to callingdrcasey
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So can safely expect ~90cent (0.70euro*1.30) dividend payout this year then? That's a nice high yield of ~7.8% at today's close. Hmmn, I may just have to buy me some soon.
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