FRANKFURT Dec 6 Deutsche Telekom cut its
dividend for the next years to create room for investments in
its home market.
The company said it would pay a dividend of 0.50 euros per
share for both 2013 and 2014, down from 0.70 euros per share
pledged for 2012.
Analysts currently on average expect a dividend of 0.60 per
share for 2013, and 0.58 for 2014, according to Reuters data.
They had been anticipating a dividend cut. In the past 30
days, 12 out of 30 analysts tracking the stock had downgraded
their estimate by an average 14 percent.