Zegona announces dividend after Euskaltel distribution
Zegona Communications
226.00p
16:40 28/03/24
0.89%
2.00p
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.
Fixed Line Telecommunications
1,857.38
17:14 28/03/24
1.18%
21.66
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.