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 Refuses To Ease Access To Hazardous Work Payments
- Almaty Metro To Replace Korean-Controlled System After Technical Failures
- Fewer Kazakhstanis Work Outside Their Home Regions
- Safety Violations Cited As Possible Cause Of Kazzinc Plant Explosion
- Tenge Weakens Five Percent In May As National Bank Reports No Interventions
- New Direct Flights From Kazakhstan To Warsaw, Izmir, And Larnaca
- Kazakhstan Clarifies Position On Possible Iranian Uranium Storage
- EU Politicians Eye Kazakhstan And Uzbekistan As Possible Sites For Migrant Return Centers
- Kazakhstanis Are Leaving The Regions For Megacities
- Kazakhstan Could Store Iranian Uranium If US-Iran Nuclear Deal Is Reached
- Kazakhstan’s EV Boom Is Here. Is The Grid Ready?
- Cyprus President To Make First Official Visit To Kazakhstan
- Kazakh Investors May Gain Remote Access To Armenian Stock Market
- Call Center In Ukraine Scammed Kazakhstanis By Posing As Banks And Police
- Kazakhstan Marks Day Of Remembrance For Victims Of Political Repression And Famine
- Kazakhstan Considers Molecular Markers To Track Fuel Supply Chains
- Tengiz Oil Production Gradually Restored After Operational Failure
- Tokayev Meets Cuban Vice President To Discuss AI And Medicine
- Karaganda Zoo Shows Newborn Amur Tiger Cubs For The First Time
- Putin and Tokayev Consolidate New Format of Relations, Political Analyst Says
