Bezeq board recommends NIS 969m dividend
Bezeq: The company’s board of directors examined whether the company met the profit test and the payment ability test, and found that it did.
Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) today announced that its board of directors will recommend to the general shareholders meeting to approve a NIS 969 million dividend. The company will publish its financial report for the second quarter of 2013 today.
The ex date for the dividend will be September 3, and the payment date will be September 15.
NIS 500 million of the proposed dividend originates in the decision by the general shareholders meeting on January 24, 2011 to distribute a dividend of NIS 3 billion in six semiannual installments. The current dividend is the sixth and final installment.
Bezeq added, “The company’s board of directors examined whether the company met the tests set out in Article 302 of the Companies Law – the profit test, and the payment ability test – and found that it met these tests.”
Published by Globes [online], Israel business news – www.globes-online.com – on August 5, 2013