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
- Zhezkazgan Airport Resumes Operations After An-12 Emergency Landing
- Middle East Escalation Disrupts Kazakhstan–Dubai Flights
- Three Rare Neolithic Burials Discovered in Kostanay Region
- Minister Promises Better Internet Access for Rural Areas
- Will Trump Visit Kazakhstan?
- Six-Lane Road to Almaty’s Ring Road Planned, Around 200 Land Plots Bought Out
- Housing Sales in Kazakhstan Rise 28% in One Month
- East Kazakhstan Residents Question Gas Station Restrictions on Fuel Canisters
- New Committee to Oversee Crypto Market and Payment System
- MFA Confirms Death of Young Kazakhstani Woman in Antalya
- Source of Shymkent Air Pollution Complaints Still Unclear
- Why Cheap Kazakh Gasoline Is Becoming a Regional Issue
- Southern Kazakhstan Records Magnitude 4.5 Earthquake
- Almaty Residents Oppose Covering City’s Open Irrigation Canals
- Where Are Incomes Highest in Kazakhstan After Almaty?
- Landfill Fire Breaks Out in Astana
- Qatari-Kazakh Gas Pipeline Project Gets Another $500 Million
- Russian City May Name Square After Tokayev’s Father
- Kazakhstanis Will Not Face New Loan Restrictions
- Dead Seals Found Near Aktau May Have Come From Iran, Officials Say
