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TEO- Telecom Argentina SA


LowIQinvestor

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Still well above 52 week low.  Lots of macro uncertainty around how they will handle technical default.  Kicillof about to speak this evening.  Remember argentinian ADRs sometimes have problems receiving declared dividends in dollars. 

 

In spite of all the current uncertainty, macro trend is slowly moving toward more investor friendly.  Process might not finish until change of govt though...

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Dividend at the end of this month!

 

http://finance.yahoo.com/news/telecom-argentina-announces-payment-cash-211400878.html

 

"The amount to be distributed in the second installment is equivalent to P$0.62 per outstanding share in circulation or P$3.10 per ADR, prior to deductions of the Personal Asset Tax and Income Tax obligations, as described below. Dividends will not be paid to nor reserved for Treasury shares.

 

For ADR holders, the Record Date is September 19, 2014 and the Payment Date is September 29, 2014. The payment to these shareholders will be made through the Depositary Bank, JP Morgan Chase Bank N.A."

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