ETB to Propose No Dividend Payment in Shareholders Meeting
Empresa de Telecomunicaciones de Bogota SA’s board of directors will propose in a March 28 shareholders meeting that the company not pay a dividend in order to bolster investment in new businesses and modernizing the company, according to a regulatory filing late yesterday.
The company paid a dividend of 36.3 pesos (2 cents) per share last year, according to data compiled by Bloomberg.
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