• Oct. 3, 2016, 9:07 AM
    • Russian telecom Mobile TeleSystems (NYSE:MBT) says its semiannual dividend was approved at an extraordinary general meeting Friday.
    • Based on the company's first-half results, the dividends will be 11.99 rubles (about $0.1925) per ordinary share and thus 23.98 rubles (about $0.3848) per ADR; that comes to a total of about 23.961B rubles (about $384.3M).
    • The record date for shareholders and ADR holders is set at Oct. 14, and the dividend payment will be completed before Nov. 21.
    Oct. 3, 2016, 9:07 AM | 1 Comment
  • Aug. 1, 2016, 10:39 AM
    • The board of Mobile TeleSystems (MBT -1.5%) has called for higher dividends for the first half, in a decision announced today.
    • It's recommending that stockholders approve semiannual dividends of 11.99 rubles per ordinary share (23.98 rubles per ADR) -- a total of 23.96B rubles (about $360.5M).
    • That's an increase from 5.61 rubles per ordinary share (11.22/ADR) from the first half of 2015. It's already paid 14.01 rubles per ordinary share (28.02/ADR) so far for 2015.
    • The board set Sept. 30 for an extraordinary general meeting and recommended a record date for the dividend of Oct. 14.
    Aug. 1, 2016, 10:39 AM
  • Apr. 11, 2016, 11:33 AM
    • Mobile TeleSystems (MBT +4.4%) board recommends dividend of RUB14.01/share or RUB28.02/ADR to shareholders on record of July 5.
    • The company under new dividend policy targets annual pay out of RUB25 - RUB26/share (RUB50 - RUB52/ADR) setting minimum target of RUB20/share or RUB40/ADR for 2016-2018.
    • The dividend will be paid on semi-annual basis.
    • The board is evaluating option of share repurchase to the tune of RUB30B to be spent over three years, subject to approval of board.
    Apr. 11, 2016, 11:33 AM | 5 Comments
  • Jan. 4, 2016, 6:34 PM
    • In its look at telecoms in emerging markets, Renaissance Capital says video could bring new growth -- and the sector may be a place to target dividends.
    • "Telcos are jumping too late on the fast moving Internet train," the analysts write. "Video could be the ‘next big thing’ for mobile telcos and the step-up jump in usage (rather than a gradual shift) creates the possibility that this will translate into revenues."
    • That growth, though, is likely going to fall victim to competition in no more than 12 months, they say.
    • RenCap thinks the growth outlook is best in Turkey, as Russia and MENA face macro headwinds. In Turkey, the firm prefers Turk Telekom (OTC:TRKNY) to Turkcell (TKC -2.1%): “Ultimately a telecom (as with any other sector) is as good as its dividend stream is. On this metric we estimate [Turk Telekom] could be worth TRL5.8/share if all allowable earnings adjusted for availability of cash are paid out as dividends, and assuming the market would be happy with an 11.5% yield – 10.5% versus Turkish local bonds."
    • Meanwhile, in Russia the firm likes Mobile TeleSytems (MBT -2.8%) and Sistema over VimpelCom (NASDAQ:VIP), and it highlights MTN Group (OTCPK:MTNOY -1.4%) in South Africa, though noting that firm's huge Nigerian fine shows that developing countries present regulatory risk and "become inventive when it comes to enhancing state coffers.”
    Jan. 4, 2016, 6:34 PM | 2 Comments