Dividend to be charged to Unrestricted Reserves

RNS Number : 8675Q

Telefonica SA

26 October 2011

 



TELEFÓNICA S.A., as provided in article 82 of the Spanish Stock Market Act (Ley del Mercado de Valores), hereby reports the following

SIGNIFICANT EVENT

Pursuant to the resolution adopted by the Annual General Shareholders' Meeting of TELEFÓNICA, S.A., at its meeting held on May 18^th , 2011, we hereby inform all shareholders that on November 7^th, 2011, the Company will pay a dividend to be charged to Unrestricted Reserves, of a fixed gross amount of 0.77 euro for each Company share issued, in circulation and carrying entitlement to this dividend. (Record Date: November 4^th, 2011) This payment will be made as follows, in all events subject to the provisions of the applicable tax legislation:

Gross dividend (Euros per share)	Withholding tax rate (19%) (Euros per share)	Net dividend (Euros per share)
0.77	0.1463	0.6237

The payment of this dividend shall be executed from November 7^th, 2011, by Banco Bilbao Vizcaya Argentaria, S.A., through the participating entities in IBERCLEAR (Sociedad de Gestión de los Sistemas de Registro, Compensación y Liquidación de Valores, S.A.), the Spanish securities registrar, clearing and settlement company.

Madrid, October 26^th, 2011

 

END

 

 

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