Zegona announces dividend after Euskaltel distribution

Zegona Communications announced a £5.7m dividend payment on Wednesday, after shareholders of Euskaltel approved a 17 euro cent (15p) dividend per share on 2 June, to be paid in July.

The London-listed firm had committed to pass on 100% of all Euskaltel dividends to its shareholders.

As a result, Zegona's board declared an interim dividend of 2.6p per share, equivalent to £5.71m.

“In total, 4.6p per share has been paid to shareholders in the last 12 months, equating to a dividend yield of 4.8%,” the directors said in their statement.

At 0803 BST, shares in Zegona Communications were up 2.08% at 96.98p.