Bilbao, 16 December 2020. At their meeting yesterday, the Euskaltel Group's Board of Directors unanimously agreed to pay an interim dividend against 2020 results for a gross amount of €0.14 per share outstanding with dividend rights.
A total interim dividend amount of Euros 25 million will be paid by the operator to shareholders on 12 February 2021.
This is the fifth consecutive year that a dividend has been paid out since the company was floated on the stock exchange in July 2015. Furthermore, this dividend distribution demonstrates the Group's commitment to a sustainable and growing shareholder remuneration policy and reinforces its objective of adding value to investors.
The final dividend to be paid against 2020 results will be determined at the General Shareholders' Meeting to be held in 2021 following a proposal from the Board of Directors.
The company's financial position at the end of Q3 2020 was very solid, with the net result increasing by 24.5% and a new record in customer growth, reinforcing the Group's growth path seen in previous quarters, and which is in line with the Group meeting the strategic objectives set out in its roadmap for the current financial year.
Furthermore, on 20 May 2020, the Euskaltel Group successfully began to expand throughout Spain with the Virgin telco brand, which six months after its launch had almost 60,000 customers, exceeding all targets set for the end of the year.
Euskaltel - Communication Department
comunicacion@euskaltel.com