The Euskaltel Group will pay out Euros 25 million to shareholders tomorrow
Bilbao, 4 February 2020. The Euskaltel Group will tomorrow (5 February 2020) pay shareholders an interim dividend for a gross amount of Euros 0.14 per share, totalling Euros 25 million.
The interim dividend distribution was agreed by the Euskaltel Group's Board of Directors on 29 October 2019.
This is the fourth consecutive year that a dividend has been paid out since the company was floated on the stock exchange in July 2015. This dividend payout also reflects the company's commitment to maintaining a sustainable shareholder remuneration policy.
The final dividend to be paid against 2019 results will be determined at the General Shareholders' Meeting to be held in 2020 following a proposal from the Board of Directors.
The company's financial performance was very strong in the third quarter of 2019, with EBITDA and cash generation up 2.8% and 8.1% compared to the previous quarter, leading the company towards positive annual growth in income and EBITDA in Q4. The Group will post its 2019 results on 25 February 2020.
The financial markets have recognised the Company's positive progress and Euskaltel's share price increased over 30% in 2019, almost three times higher than the performance seen in the Spanish market's reference index. Consequently, in December 2019 Euskaltel joined the Ibex Medium Cap, which comprises the top 20 companies on the Spanish stock market outside the Ibex 35.
Euskaltel - Communication
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