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


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

For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>

To contact the reporter on this story: Henrique Almeida in Lisbon at To contact the editors responsible for this story: Arie Shapira at Courtney Dentch

    Before it's here, it's on the Bloomberg Terminal.