Telefonica's dividend payment of 0.40 eur per share in cash will be divided into two payments of 0.20 euros / share.
Payment dates will be June 20, 2019 (June 18, ex-dividend date) and December 19, 2019 (December 17, ex-dividend date). Analysts at Renta 4 point out that at current prices, Telefónica’s dividend yield is 5.33%, a very attractive level.
“We expect Telefónica to maintain the current dividend policy for the coming years. News expected and without impact on quotation. Target price 9.2 euros. Overweight”, they commented.