Socialists Spur Wave of Early Dividend Payments in Portugal

(Bloomberg) -- Jeronimo Martins, Sonae among five companies that unexpectedly raised dividends last month as Portugal’s new Socialist government threatens to curtail a measure granting tax breaks on dividends.

* Prime Minister Antonio Costa reviewing tax break introduced

last year that exempts investors holding at least 5% stake

in Portuguese cos. for more than 2 yrs from paying taxes on

dividends

* Costa planning to raise threshold to 10% stake Story Link:NSN NYN1ND6KLVRF<GO>

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To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Courtney Dentch

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