Brazil's Telesp To Pay BRL340 Million In Dividends
October 01 2009 - 6:43AM
Dow Jones News
The board of Brazilian telecom Telesp (TSP) has approved the
payment of 340 million Brazilian reals ($191 million) in dividends
in the form of interest on its own capital, the company said
Thursday in a statement.
The total amount represents a payment of BRL0.63 per common
share and BRL0.69 per preferred share.
Telesp, which is the local subsidiary of Spain's Telefonica
(TEF), said that the dividend will be paid based on shareholders'
positions as of Sept. 30. The company, however, still did not
unveil the date to pay the dividends.
-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-2847-4521;
rogerio.jelmayer@dowjones.com