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OTE Announces Extraordinary Dividend Following Romanian Asset Sale

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OTE Announces Extraordinary Dividend Following Romanian Asset Sale

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The latest update is out from Hellenic Telecom Organization SA ( (HLTOY) ).

Hellenic Telecommunications Organization S.A. has announced an update to its financial calendar for 2025 following the sale of Telekom Romania Mobile Communications S.A. The company’s board has approved an extraordinary dividend distribution of €40 million to shareholders, with specific dates set for the ex-dividend, record, and payment days in December 2025. This move reflects the company’s strategic adjustments and potential impact on shareholder value.

More about Hellenic Telecom Organization SA

Hellenic Telecommunications Organization S.A. (OTE) operates in the telecommunications industry, providing a range of services including fixed-line and mobile telephony, broadband, and television services. The company primarily focuses on the Greek market but has had operations in other regions, such as Romania, which it has recently divested.

Learn more about HLTOY stock on TipRanks’ Stock Analysis page.

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