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.
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.
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.
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.
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.
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.
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 <