REG - Telefonica SA - TEF - Dividend Payment 19may2016 <Origin Href="QuoteRef">TEF.MC</Origin>

Telefonica SAAnnouncement

12/05/2016 15:45

RNS Number : 1169Y
Telefonica SA
12 May 2016
TELEFNICA, S.A. (hereinafter "Telefnica"), as provided in article 228 of the Spanish Stock Market Act (Ley del Mercado de Valores), hereby reports the following
SIGNIFICANT EVENT
Further to the Significant Event released today, the company announces that, according to the shareholder remuneration policy, pursuant to the resolution adopted by the Annual General Shareholders Meeting of Telefnica, S.A., at its meeting held today, had been agreed a dividend distribution charged to Unrestricted Reserves, of a fixed gross amount of 0.40 Euro for each Company share issued, in circulation and carrying entitlement to this distribution, (Record Date: Wednesday, May 18, 2016). This payment will be made as follows, in all events subject to the provisions of the applicable tax legislation.
Gross dividend
(Euros per share)
Withholding tax rate (19%)
(Euros per share)
Net dividend
(Euros per share)
0.40 
0.076 
0.324
The payment of this dividend shall be executed from May 19, 2016 by Banco Bilbao Vizcaya Argentaria, S.A., through the participating entities in Iberclear (Sociedad de Gestin de los Sistemas de Registro, Compensacin y Liquidacin de Valores, S.A.), the Spanish securities registrar, clearing and settlement company.
Madrid, May 12, 2016
 

This information is provided by RNS
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