Belgacom: The Belgian Government's Favorite Cash Cow
- Belgacom has increased its official EBITDA guidance.
- As the Belgian government owns 53% of the company and relies on the dividends, the generous dividend policy will very likely continue.
- The free cash flow is sufficient to cover the expected dividend of $0.40 per share of BGAOY.
- This results in a current gross yield of 5.95%.