Kazakhtelecom Shares Climb Following Dividend Announcement
Photo: Gov.kz
Shares of JSC Kazakhtelecom rose following the company’s announcement of dividend payments, Orda.kz reports.
According to information published on the KASE website, Kazakhtelecom will allocate nearly all of its 2024 net income — 74.1 billion tenge — to dividends.
Payments for each ordinary share will amount to 6,741 tenge. Additionally, the company will distribute retained earnings from previous years, totaling 219.26 billion tenge, which brings the total dividend per share to approximately 26,700 tenge.
Following the announcement, Kazakhtelecom shares, which had declined in February after the sale of Mobile Telecom-Service LLP (operators Tele2 and Altel), began to recover, supporting broader market performance.
The decline was halted by a 1.3% increase in Kazakhtelecom shares amid news of unprecedented dividends,
the Association of Financiers of Kazakhstan noted.
Earlier, public perception was impacted by inflated rates identified by the Agency for the Protection and Development of Competition.
Kazakhtelecom's major shareholders are the Samruq-Qazyna Fund and private firm Telecom Systems Ltd.
Original Author: Nikita Drobny
Latest news
- Kazakhstan to Build Four New Airports by 2028
- State-Owned Plant in Atyrau Tried to Buy Sturgeon Caviar for Nearly 150 Million Tenge
- Chaos and Delays at the Border: Kazakhstan Wants to Bring Queues Under Control With New Rules
- Major Illegal Migration Channel Dismantled in Shymkent
- “A Shameful Sight”: Dump Near Altyn-Emel Caught on Video
- Kazakhstan Is Preparing to Increase the Scrap Fee on Cars From Russia
- Work Permits For Migrants To Go Fully Online As PSCs End Service
- Kazakhstanis Expect Higher Inflation but Remain Optimistic About the Future
- Support For Rural Doctors Doubles Amid Staffing Shortage
- South Korean Shareholder To Inject 4.7 Billion Tenge Into Kazakhstan’s Only Loss-Making Bank
- Tokayev Finishes Uzbekistan Trip With Focus on Trade and Environmental Cooperation
- Kashagan Operator Accused Of Stalling Sulfur Fine Pending Washington Arbitration
- Copper And Molybdenum Project Set To Launch In Abay Region
- Deputies Raise Alarm Over Chaos in Construction Licensing and Oversight
- Kazakhstan’s Tobacco Output Surges as Smoking Rate Holds Steady
- EAEU Waives Import Duties on Several Vegetables for Kazakhstan
- SpaceX Direct-to-Cell Service Still Awaiting Commercial Launch in Kazakhstan
- Kazakhstan To Require Near Real-Time Emissions Reporting From Enterprises
- Tokayev Says Elections to Kazakhstan’s New Parliament Will Be Held in August
- System Outage Leaves Foreigners Without IIN and Residence Permit Services in Kazakhstan
