Vodafone cut the dividend because of lower revenue forecasts, costly auctions of mobile spectrum and risks such as global trade tensions and Brexit, Read told reporters on a call. And, again, dividend cuts often beget more dividend cuts. The dividend cut is Ericsson's first since 2008 and caps a difficult year which has seen the firm's shares fall 35%. Overall sales at Ericsson were down 11 percent year-on-year.“In the near term, stability will be key to establishing a strong base for future growth. Moody's Investors Service has Telefónica rated two notches above non-investment grade and has warned that if the company doesn't make progress on paring its debt during the next year or so, it could face a downgrade.The Madrid-based company will lower its 2016 dividend to 55 euro cents a share from 75 euro cents.The O2 deal was blocked by the European Commission, which said it would have resulted in higher prices and fewer choices for U.K. customers. César Alierta, who stepped down last April as Telefónica's chairman and chief executive, told analysts in February that the dividend was guaranteed "for the next, I don't know, five years, 10 years." The 1.00 Swedish crown dividend was well below expectations of 1.73 crown in a Reuters poll.“A positive surprise was higher sales than expected,” saidEricsson said sales in North America, its biggest market, had fallen 13 percent year-on-year, while sales dropped 21 percent in Western and Central Europe. Apple Inc. brushed off the COVID-19 crisis to report record June-quarter results that came in ahead of expectations, and the company said in plans to split its stock in an attempt to make it “more accessible to a broader base of investors.”In an effort to whittle down its debt during the past six months, Telefónica has tried, and failed, to sell valuable assets such as its British mobile operator O2 and its Telxius infrastructure unit.Write to Jeannette Neumann at jeannette.neumann@wsj.comMany investors and analysts have been calling for Telefónica to cut its dividend to what they consider a more sustainable level, and shift more cash toward paying down debt.
However, the company did not cut this year’s return and maintains a dividend payment of EUR 1.60. That second payment will be made in cash.Telefónica's 2017 dividend will be 40 euro cents paid out all in cash. Still, we have to take Telefonica’s cut in context. The dividend cut is Ericsson’s first since 2008 and caps a difficult year which has seen the firm’s shares fall 35 percent. Overall we will probably adjust our estimates downwards.”The company has been hit by a drop in spending by telecoms firms, with demand for next-generation, 5G technology still years away, and weak emerging markets.“Building on the suggestion from the famous ice hockey player Wayne Gretzky; We will focus on skating where the puck will be, not where it has been.”Last year was brutal for Ericsson with former CEO Hans Vestberg ousted, a profit warning in October which shocked investors and the announcement of sweeping staff cuts.“It’s important to us with investment grade rating.
"We can't remember a more disappointing set of figures from AB InBev," said RBC analyst James Edwardes Jones, noting that most … Those failed sales put the company's dividend even more in focus and led some analysts and investors to believe the company would announce some kind of cut …
The company scrapped the planned initial public offering of its infrastructure unit last month because there wasn't enough interest from investors.Those failed sales put the company's dividend even more in focus and led some analysts and investors to believe the company would announce some kind of cut either Thursday or early next year.The company's new chairman, José María Álvarez-Pallete, has had his hands somewhat tied on the dividend.
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telefonica dividend cut