By Jonathan House| Published December 17, 2010 | Dow Jones Newswires
MADRID -(Dow Jones)- Portugal Telecom SGPS SA (PT: 12.95, +0.07, +0.54%) said late Thursday it is maintaining its plans to pay the bulk of an extraordinary dividend in 2010, ahead of higher taxes on dividends that take effect in 2011.
In a Portuguese regulatory filing, Portugal Telecom, one of the country’s biggest companies, said it will pay EUR1 per share of the EUR1.65 dividend on Dec. 28. The remainder of the dividend, paid with proceeds from the sale of the company’s stake in Brazil’s Vivo Participacoes SA (VIV: 30.19, -0.09, -0.30%), will be paid next year.
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Portugal Telecom Maintains Plans To Pay Dividend In 2010
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